Banking
Some of the most highly respected names in international finance have chosen to place their operations in Guernsey alongside independent, boutique providers.
The sector provides products ranging from retail banking and savings through international wealth management to institutional business and specialist lending. Importantly it services the other financial services sectors (trust, insurance, investment funds) on the Island.
Specialised banking is a developing feature of the sector. UK Building Societies and International Banks have been assisted in setting up operations by having their entities administered by an already established bank. While maintaining a managerial presence these banks make use of the experienced staff, premises and IT systems of a managing bank while maintaining their own individual identity.
The local representative body is the Association of Guernsey Banks (AGB).
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