Booking centre
Guernsey
The rules behind every bank page in Guernsey: who licenses banks, what happens to custody assets and deposits if a bank fails, how enforcement decisions are published, and what is shared with tax authorities abroad.
Ranking
Banks rated in Guernsey
#BankBooking centrePPLI.comRating
1
IInvestec Bank (Channel Islands) LimitedInvestecGuernsey58
BBarclays Bank PLC, Guernsey BranchBarclaysGuernseyRating in preparation
BButterfield Bank (Channel Islands) LimitedButterfieldGuernseyRating in preparation
HHSBC Bank plc, Guernsey BranchHSBCGuernseyRating in preparation
LILloyds Bank Corporate Markets plc, Guernsey BranchLloyds Bank InternationalGuernseyRating in preparation
RWRoyal Bank of Canada (Channel Islands) Limited, Guernsey BranchRBC Wealth ManagementGuernseyRating in preparation
IBBHLIRWThe framework
Licensing, protection and disclosure in Guernsey
Each point links to the source it was checked against on the review date.
Regulator and licensing lawBanking Supervision (Bailiwick of Guernsey) Law, 2020 (listed on the GFSC legislation page). Source
Deposit protectionGuernsey Banking Deposit Compensation Scheme (GBDCS), run by Independent statutory Board, separate from the GFSC and the States of Guernsey. Cover: GBP 50,000 per qualifying depositor per bank (Ordinance s. 12(2)). Overall cap: GBP 100 million in any five year period (s. 14(1)); compensation reduced proportionally if exceeded. Currency: GBP; qualifying deposit includes accounts in sterling or any other currency held with a participant in the Bailiwick (s. 33(1)). What is covered: Qualifying deposits, mainly those from personal retail depositors, wherever they live. Payout: Board shall pay compensation within 3 months of the declaration of default or receipt of application, whichever is later (s. 15(1)). Source
Custody assets in insolvencyRests on trust law and the custody contract.
Non-resident clientsThe compensation scheme covers qualifying depositors wherever they live. Source
Size of the banking sector21 banks; total deposits GBP 70,783 million as at June 2026. Source
State guaranteesNone identified.
Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Ratings signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology version 2.3Corrections [email protected]