The stability of Guernsey's financial environment is
demonstrated by the robust status of its bank deposits, according
to Dominic Wheatley, Chief Executive of Guernsey Finance.
New figures from the Island's regulator, the
Guernsey Financial Services Commission, show that the value of
deposits held by banks in Guernsey fell by £254 million
(0.3%) during the first quarter of 2015 but this marginal decrease
followed two consecutive quarterly increases at the end of
2014.
In addition, banking deposits reached £83.4 billion at the
end of March 2015, representing a rise of £1.4 billion (1.7%)
during the year.
Dominic Wheatley, Chief Executive of Guernsey Finance, said:
"These figures show a rise in deposits over the past year and,
as such, demonstrate the continued financial stability of the
Island which has recently had its
credit rating reaffirmed as AA+ by Standard
& Poor's. This is the highest that a jurisdiction such
as Guernsey, without its own currency, can
