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Movement in Island's Deposit Base 28 February 2013

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

Deposits decreased by £0.61 billion (-1.30%) to £46.35 billion between 30 September 2012 and 31 December 2012.

Deposits in the year to 31 December 2012 decreased by £0.66 billion (-1.40%) on the corresponding figure as at 31 December 2011.

Enquiries:

Andrew Kermode
Deputy Director - Banking
Financial Supervision Commission
Tel: +44 (0)1624 689320

Notes to Editors

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

2) As at 31 December 2012 foreign currency deposits comprised 33.3% of total deposits (30 September 2012: 33.9%) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 31 December 2012 compared to those at 30 September 2012 are influenced by exchange rate movements on a total foreign currency basis (GBP strengthened by 0.62% against USD and weakened by 2.38% against EUR).

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