Isle of Man Government Crest

News

23rd November 2009

MOVEMENT IN ISLAND’S DEPOSIT BASE

Deposits (net of local inter-bank placings) with Isle of Man offices of Isle of Man licensed deposit takers

Deposits decreased by £0.39 billion (-0.73%) to £52.70 billion between 30th June 2009 and 30th September 2009.

Deposits in the year to 30th September 2009 decreased by £1.20 billion (-2.23%) on the corresponding figure as at 30th September 2008.

Enquiries:

Andrew Kermode

Senior Manager - Supervision

Financial Supervision Commission

Tel: +44 (0)1624 689320

Notes to Editors

1) “Deposits” include intra-group borrowing that is not capital in nature.

2) The total figures at 30th September 2009 compared to those at 30th June 2009 have not been materially influenced by exchange rate movements. The quarterly increase in foreign currency deposits, expressed in sterling, was 1.19%, whilst the decrease in sterling denominated deposits was 1.63%. The value of sterling depreciated against both the US dollar and Euro between spot dates of 30th June 2009 and 30th September 2009 by approximately 2.7% and 6.8% respectively. However, the depreciation of sterling has caused an increase in the sterling value of deposits denominated in those major currencies.

Financial Supervision Commission
Address:
P.O. Box 58
Finch Hill House
Bucks Road
Douglas
Isle of Man
Post Code: IM99 1DT
Telephone:01624 689300
Fax:01624 689399