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Deposits continue to increase

The Manx Government says deposits (net of local inter-bank placings) with on-Island offices of Isle of Man banking licence holders increased by £1.16 billion (2.37%) to £50.08 billion, between June 30 and September 30, 2007.

Deposits in the year to September 30 increased by £9.67 billion (23.93%).

Deposits (net of local inter-bank placings) with Isle of Man banking licence holders, including those held with overseas branches of Isle of Man incorporated banks, increased by £1.23 billion (2.02%) to £62.25 billion in the three months to the end of September.

Deposits increased by £10.93 billion (21.30%) in the year to September 30.

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