The Isle of Man Financial Services Authority published updated figures on deposits (net of local inter-bank placings) with Isle of Man offices of Isle of Man licensed deposit takers, showing deposits fell by GBP 0.56bn (1.28%) to GBP 43.02bn between 31 December 2024 and 31 March 2025. Over the year to 31 March 2025, deposits increased by GBP 0.75bn (1.77%) compared with 31 March 2024. The data treats deposits as including intra-group borrowing that is not capital in nature. Foreign currency deposits accounted for 46.30% (GBP 19.92bn) of total deposits at 31 March 2025, compared with 46.51% (GBP 20.27bn) at 31 December 2024, and were primarily denominated in US dollars and euro; the Authority noted that exchange rate movements did not materially impact the quarterly change.
Isle of Man Financial Services Authority 2025-06-03
Isle of Man Financial Services Authority reports Isle of Man deposit base fell 1.28% to GBP 43.02bn in Q1 2025
The Isle of Man Financial Services Authority reported a decrease in deposits by GBP 0.56bn (1.28%) to GBP 43.02bn from 31 December 2024 to 31 March 2025, while noting a yearly increase of GBP 0.75bn (1.77%) compared to 31 March 2024. Foreign currency deposits, primarily in US dollars and euros, comprised 46.30% of total deposits as of 31 March 2025, with exchange rate movements having minimal impact on the quarterly change.