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Bank deposits up by nearly £3 billion on last year

The Island's finance regulator says almost £3 billion more has been placed in banks here than this time last year.

The Financial Services Authority has issued its latest update on the Island's deposit base, which shows how much money has been paid into Manx-based banks.

Deposits went up by £0.35 billion to £45.95 billion in the first quarter of the year.

So far, in total this year they've seen a rise of 6.81 per cent, or £2.93 billion, compared to 2025.

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