The value of deposits held in Guernsey banks rise

British currency notes Guernsey banks held £103bn at the end of June

Related Stories

The value of deposits held in Guernsey banks have risen.

Banks held £103bn at the end of June - compared with £101bn at the end of March.

But the figures from the Guernsey Financial Services Commission (GFSC) showed that was still 9.4% lower than the year before.

The figures also showed more of Guernsey's deposits were coming from Swiss banks, accounting for 34.7% of all deposits.

Philip Marr, director of banking at the GFSC, said the figures should be taken in isolation as there was still a long term downward trend.

He said: "On the face of it this is positive news... however, I would caution against relying on one quarter's data and concluding that we have turned a corner and resumed growth."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey


Guernsey Airport

14 °C 11 °C


  • Witley Court in Worcestershire Abandoned mansions

    What happened to England's lost stately homes?

  • Tray of beer being carried10 Things

    Beer is less likely to slosh than coffee, and other nuggets

  • Spoon and buckwheatSoul food

    The grain that tells you a lot about Russia's state of mind

  • Woman readingWeekendish

    The best reads you need to catch up on

  • Salim Rashid SuriThe Singing Sailor

    The young Omani who became a pre-war fusion music hit

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.