Top Banks in Guernsey

Overview of Banks in Guernsey

It has been said that Guernsey has become an international finance center only for one significant reason. It’s because the banks in Guernsey has taken a key role in the development of Guernsey.

In the year 1963, the first bank was established in Guernsey. From then onwards, a total of 24 licensed banks have been founded and they offer quite diverse services to their customers. From targeting the local customers for retaining banking to attracting an expatriate market for getting huge deposits from high net-worth individuals.

From local banks to foreign banks, Guernsey has it all. Many financial institutionsFinancial InstitutionsFinancial institutions refer to those organizations which provide business services and products related to financial or monetary transactions to their clients. Some of these are banks, NBFCs, investment companies, brokerage firms, insurance companies and trust corporations. read more and banks also provide investment banking, foreign exchange services, fund administration, insurance, and also fiduciary.

Structure of Banks in Guernsey

Guernsey’s banking sector is one of the evolving banking sectors in the world. The banks in Guernsey can be divided into two significant sectors –

  • Corporate Banking Sector: Corporate banking sector provides benefits to the trading companies and also to the holding companies. Companies that invest and help companies invest in the right assets/investments are also being facilitated by the corporate banking sector of Guernsey.
  • Private Banking Sector: Private banking sector aims at high net-worth individuals from the UK and other foreign countries to collect huge deposits.

As per the last report in the year 2016, Guernsey’s banks had the total assets of US $109 billion which comprise securities, advances, loans, investments, etc. The total liabilities of these banks were the US $154 billion.

Top 10 banks in Guernsey

As you already know, there are 24 licensed banks in Guernsey. We will look at the top 10 banks of Guernsey below –

Banks in Guernsey

You are free to use this image on your website, templates etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be Hyperlinked
For eg:
Source: Top Banks in Guernsey (

#1. Royal Bank of Canada (Channel Islands) Limited:

This top bank in Guernsey was established in the year 1973. This bank was being controlled by two authorities – Guernsey Financial Services Commission in Guernsey and Jersey Financial Services Commission in Jersey. This bank is able to accept deposits because it was registered under the Banking Business (Jersey) Law, 1991 and under the Banking Supervision (Guernsey) Law, 1994. Again, it also serves in the investment business because it is registered under the Financial Services (Jersey) Law, 1998 and the Protection of Investors (Guernsey) Law, 1987.


This is one of the top banks of Guernsey. The total assets acquired by ABN AMRO in the year 2015 were Euro 390.317 billion. Assets under management in 2014 were Euro 183.7 billion. The profit as reported in the year 2015 was Euro 1.924 billion. And the operating income in the same year was Euro 8.455 billion. ABN AMRO was founded in the year 1991, 26 years ago from now. It is headquartered in Amsterdam, Netherlands, but it has a great presence in Guernsey. Around 22,048 people work here.

#3. Bank J. Safra Sarasin Limited, Guersey Branch:

This top bank has a branch in Guernsey. It is a privately held companyPrivately Held CompanyA privately held company refers to the separate legal entity registered with SEC having a limited number of outstanding share capital and shareowners. read more and it was founded in the mid-20th Even if this bank is headquartered in Sao Paulo, Brazil, it has a great customer base in Guernsey as well. Around 30,000 employees work here. Joseph Safra has been serving as the Chairman of the entire conglomerate. This bank also serves the customers in countries like the US, the Middle East, Europe, the Caribbean, Latin America, and Asia.

#4. Bank Julius Baer & Co. Ltd. Guernsey Branch:

This top bank in Guernsey is part of Julius Baer Group. Around 5,390 people work in this group. The total assets of Julius Baer in the year 2013 were CHF 72.522 billion. The profit in the same year was CHF 188 million. Revenue in the same year was quite staggering, i.e. CHF 2.195 billion. It was founded in the year 1890, around 127 years ago. It is headquartered in Zurich, Switzerland. This serves as a great foreign bank in Guernsey.

#5. Bank of Cyprus (Channel Islands):

It was founded in the year 1899, around 118 years ago. In the year 2016, it was reported that around 4334 people work here. The total assets acquired by Bank of Cyprus in 2016 were US $32.47 billion. Operating income and revenue in the same year were US $686 million and US $2.69 billion respectively. It has head-quarters in Strovolos, Nicosia, Cyprus; but it has a presence in the Channel Islands too.

#6. Banque cantonale vaudoise, Guernsey Branch:

This is a Swiss cantonal bank that has a branch in Guernsey. It was founded in the year 1845, almost 172 years ago. In Switzerland, this bank has 74 branches as of 2014. As per the report of the year 2014, 1946 employees work in Banque cantonale vaudoise. In the year 2014, it was reported that the total assets of Banque cantonale vaudoise were CHF 41,287.66 million. This bank is one of the 24 banks which have been serving 26 cantons in Switzerland.

#7. Barclays Bank PLC, Guernsey Branch:

It was one of the oldest banks in the world. It was founded on 16th November 1690, almost 327 years ago. It is headquartered in London, United Kingdom. However, it has a branch in Guernsey. As per the last report in the year 2016, around 129,400 employees work here. The total assets in the year 2016 were 1.213 trillion pounds. Revenue and operating income in the same year were 21.451 billion pounds and 3.230 billion pounds respectively. It provides services in retail banking, commercial bankingCommercial BankingA commercial bank refers to a financial institution that provides various financial solutions to the individual customers or small business clients. It facilitates bank deposits, locker service, loans, checking accounts, and different financial products like savings accounts, bank overdrafts, and certificates of more, investment banking, and wealth management.

#8. Butterfield Bank (Guernsey) Limited:

The official name of this bank is The Bank of N.T. Butterfield & Son Limited. This is the bank of Bermuda and was founded in the year 1858, almost 159 years ago. Its head-quarter is located in Hamilton, Bermuda. But it has a branch in Guernsey as well. It serves many areas other than Bermuda like the Bahamas, Cayman Islands, Guernsey, Switzerland, and the United Kingdom. It is listed on the Bermuda Stock Exchange (BSX).

#9. Credit Suisse AG (Guernsey Branch):

Credit Suisse AG, Guernsey Branch serves its customers in Guernsey as a subsidiary of Credit Suisse AG. It was founded in the year 1986. The Credit Suisse AG, Guernsey Branch is located in St. Peter Port, Channel Islands. It provides mainly three kinds of services – general banking, private banking, and online banking. Credit Suisse AG, Guernsey Branch is considered to be a debt issuing vehicle for Credit Suisse AG.

#10. Portman (Channel Islands) Ltd.:

Portman (Channel Islands) Ltd. is a subsidiary of the Portman Building Society. Prior to that this bank was a subsidiary of Scarborough Building Society. As per the last report we got in 2016, the total assets acquired by this bank were US 2,374.9 billion and the total income in the same year was reported as the US $59,836 million. It offers mainly two services – mortgage bankingMortgage BankingA mortgage bank is a bank with a specialization in lending the money against the mortgage of any specific securities. They structure various loan products at a cheap rate or with better funding arrangements and involves various activities like loan origination, mortgage sale more and savings banking. Even if it serves a major area of the UK, it also serves customers of Channel Islands and Guernsey as well.

We hope you liked this guide to top banks in Guernsey. If you are looking forward to making a career in Banking, then you can check out some of the awesome resources –