Bank deposits rise £1bn but some core figure declines spark concern
Friday 19th August 2011, 2:30PM BST.
DEPOSITS held in Guernsey banks grew by £1bn during the second quarter of this year.
The 0.9% increase means the total value of deposits reached £113.9bn at the end of June.
However, compared with the same time last year this is a fall of £2.9bn, as a result of contraction over the second half of 2010.
Swiss fiduciary deposits increased by £2.1bn during the second quarter to reach £40.4bn, while other ‘core’ deposits fell in value by £1.1bn to £73.5bn.
Guernsey Finance chief executive Peter Niven (pictured) said it would be important to keep a close eye on the figures going forward.
- Read the full story in the Guernsey Press. Click here for subscription details. Individual editions are now available online.
- To read Guernsey Press stories in full, click here for subscription details. Individual editions are now available online.
Island Life
All about Guernsey
Ambassador of the Year 2011
History & Heritage
Visitor Information
Guernsey's government
Campaigns
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
This is Guernsey
Guernsey Press
Useful Links
