Banks in Guernsey are reporting breaking the milestone of more than �100bn in deposits. The record-breaking amount beats the previous high of �92bn held at the end of last year.
Guernsey Finance, which promotes the finance industry, said it showed that Guernsey was at the forefront of international banking centres.
It said the new statistics reflected the island's experienced and skilled banking sector.
Spokesman Peter Niven said that �940m of the total was made from transactions between local banks.
He said: "Passing this milestone is a superb achievement and to do it sooner than anticipated with deposits rising by 14% in the first quarter of the year makes it particularly special."
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