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.


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

  • 09 Jan 2019

    Guernsey Green Finance Launch

    Colborne Room
    The Old Government House Hotel
    Ann's Place
    St Peter Port
    GY1 2NU

  • 17 Jan 2019

    The Future Of Offshore In A Post-Brexit Economy With Dr Savvas Savouri

    Rohais Saint-Pierre-Port GG, GY1 1FD

  • 24 Jan 2019

    Guernsey Finance Industry Update

    St James Concert and Assembly Hall
    College Street
    St Peter Port
    GY1 2NZ