Isle of Man Bank
AIB Bank (CI)
Habib European Bank
Alliance & Leicester
The Co-operative Bank
Bank of Bermuda (Isle of Man)
Bank of Ireland (I.O.M.)
Zurich Bank International
Bank of Scotland
Bradford & Bingley International (closed down)
Barclays Private Bank & Trust (Isle of Man)
Barclays Private Clients International
Bank of Scotland International
BNP Paribas Trust Company (IOM)
Merrill Lynch Bank and Trust Company (Cayman)
Britannia International
RBS Coutts Bank (Manx)
Celtic Bank
Cayman National Bank and Trust Company (Isle of Man)
Close Trustees (Isle of Man)
Conister Trust
BNP Paribas Securities Services Custody Bank
Fairbairn Private Bank (IOM)
The Royal Bank of Scotland
HSBC Bank International
HSBC Bank
HSBC Custody Services (Isle of Man)
Irish Nationwide (IOM)
Irish Permanent (IOM)
Anglo Irish Bank Corporation (I.O.M.) (closing down operations)
Kaupthing Singer & Friedlander (Isle of Man)
Lloyds TSB Offshore
Duncan Lawrie (IOM)
Nationwide International
Abbey National
Standard Bank Isle of Man
Alliance & Leicester International
Royal Bank of Scotland International
Barclays Bank
The Standard Bank of South Africa
Close Bank (Isle of Man)
Trading
List of Banks in the Isle of Man
Published by Gbaf News
Posted on June 14, 2012
1 min read· Last updated: June 11, 2018
Key Takeaways
- The Isle of Man hosts 11 licensed banks, including major players like Standard Bank, Nedbank, and Conister Bank.
- The sector is dominated by foreign-owned branches or subsidiaries, with only two domestically owned banks.
- The Alternative Banking Regime (ABR), introduced in 2016, offers tiered licensing to attract diverse banking operations.
- Standard Bank Isle of Man holds over two‑thirds of market share, making it the dominant institution on the island.
References
Frequently Asked Questions
How many banks operate in the Isle of Man?
As of recent data, the Isle of Man has 11 licensed banks operating under its regulatory framework.
Which bank has the largest market share in the Isle of Man?
Standard Bank Isle of Man Limited holds the largest market share, with about 68% of total banking assets.
What is the Alternative Banking Regime?
Introduced in 2016, the ABR provides three classes of banking licences—retail (Class 1(1)), non‑retail (Class 1(2)), and representative offices (Class 1(3))—to attract diverse banking operations.
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