Figures from the regulatory body’s latest report also revealed that deposits in the year to 31 March 2011 decreased by £3.96 bn, representing a 7.6% fall on the corresponding figure in March 2010.
Banking groups on the Island were listed as coming from eight different countries of origin. The country with the highest number of branches and banks on the island was the UK, with nine branches and 17 banks.
Ireland had four banks, Spain and South Africa had three, Switzerland had two and France, the Cayman Islands and the USA had one bank present.
