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- Business In Guernsey
Guernsey is home to a mature banking sector with substantial presence; comprised of international private and retail banks.
There are more than 20 licensed banks operating in Guernsey, including those from the UK, Europe, South Africa, North America and elsewhere.
Total deposits held by Guernsey banks as of 31 March 2020 was £98 billion.
Full suite of products
Banking is central to Guernsey’s position as a global finance centre, providing a comprehensive service for sophisticated clients.
Banks in Guernsey provide a broad range of banking services including deposit taking and custody services, credit including mortgages, loans, and overdrafts and guarantees, foreign exchange and international payments
Banks in Guernsey serve corporate and institutional clients resident in Guernsey as well as international clients.
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/.