Isle of Man Finance

Nick Boon, Business Development Manager, Banking, Isle of Man Finance Isle of Man Finance 2nd Floor, Illiam Dhone House Circular Road Douglas Isle of Man IM1 1PG Email: nick.boon@gov.im Telephone: +44 (0) 1624 686408

The dynamism and influence of the Isle of Man as a financial centre is reflected in the density and diversity of the financial institutions present, particularly banking. The Island offers an exceptionally developed infrastructure to support individuals and corporations in their global activities. Building on reputation and expertise, our banking sector offers all the services that private, corporate and institutional clients may need.

The Isle of Man has built an exceptional reputation as a centre of excellence for expatriate banking, providing a secure location for their investments. In recent years, however, client requirements have grown ever more sophisticated and an array of wealth management solutions has evolved.

Many of the leading UK and Irish high street banks are represented here together with branches of major UK building societies. As at September 2007 there were 44 banking licences and total bank deposits stood at £50 billion, having risen by more than 15% year on year.