Skipton International Tops £1 Billion Of Deposits

Guernsey bank Skipton International reached £1.075 billion of deposits at the end of 2015 - a level that would be equivalent to the 12th largest building society in the UK.

With savings customers in more than 100 countries around the world, the bank has grown its deposits steadily since 2009 when it formed through the amalgamation of Skipton Guernsey and Scarborough Channel Islands.

Jim Coupe, Managing Director, Skipton International, said: "Last year was a great year for Skipton International. By exceeding £1 billion of deposits we have confirmed our position as one of the leading banks in the Channel Islands, and on a par with some of the UK's biggest building societies.

"It is a testament to the confidence our Channel Island and expat customers place in us, as a result of good rates of interest for savers over the long term and our great customer service."