New figures from the Guernsey Financial Services Commission, show that the value of deposits held by banks in Guernsey fell by £254 million (0.3 per cent) 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 £83.4bn at the end of March 2015, representing a rise of £1.4bn (1.7 per cent) during the year.
Commenting on the figures, Dominic Wheatley, Chief Executive of Guernsey Finance, said: "The island’s position as a leading international finance centre is underpinned by its banking sector and so it is pleasing to see the ongoing strength in deposits during the last few quarters."