Banking in Guernsey

Banking in Guernsey is central to our reputation as a leading international offshore finance centre.

Guernsey's mature banking sector is host to many branches and subsidiaries of international banks with head offices in the United Kingdom, Europe, the United States and elsewhere.

At the end of March 2017, there are 24 licensed banks in Guernsey with total deposits of £85.5bn.

Heritage

The first bank to be established in the island was the Guernsey Savings Bank in 1822. Banking in Guernsey remained largely domestic for more than 150 years until a clutch of merchant banks established subsidiary operations in Guernsey to deliver the benefits of offshore banking to their international clients.

The island’s banking sector has grown in recent times and now provides an array of leading corporate and private banking services to financial services businesses, corporations, trusts and funds as well as individuals. 

Full-service offering

Today, banks in Guernsey provide a host of service offerings, from multi-currency deposit taking, foreign exchange, international payments and credit to investment management, depositary and custody supported by leading technology solutions which in turn fully complement the rest of the island’s financial services sector:

Private banking

Corporate banking

Depositor compensation scheme

The Guernsey Banking Deposit Compensation Scheme was introduced in 2008. In the event of the failure of a Guernsey bank, the Scheme guarantees of up to £50,000 per qualifying deposit, wherever the depositor may live.

For more information visit http://www.dcs.gg/.

  • 29 Mar 2019

    Brexit Update

    Duke of Richmond Hotel
    Cambridge Park
    St Peter Port
    Guernsey, GY1 1UY

  • 20 May 2019

    City Week 2019

    Guildhall 
    Gresham Street
    London
    EC2v 7HH

  • 18 Jun 2019

    TheCityUK Annual Conference

    QEII Conference Centre
    Broad Sanctuary
    Westminster
    London, SW1P 3EE