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Economy and Banking Sector of Gibraltar

Financial Services

Financial sector of Gibraltar is focused on providing the following financial services:

  • offshore banking
  • insurance
  • fund management
  • wealth management

Banking Focus

Banks in Gibraltar are mainly focused on the following areas:

  • international private banking
  • savings and mortgage products
  • asset management

Banking Supervision

Gibraltar Financial Services Commission

Banking Sector Structure

Number of Banks
Consolidated Assets (2015)
7,851.90 mln GBP  (+0.58%)
Recent Changes (2018)
new banks: 0, closed banks: 0

Currently there are 10 credit institutions operating in Gibraltar.

In 2015 consolidated banking assets in Gibraltar were 7,851.90 mln GBP. The consolidated banking assets' evolution is shown at Chart 1 below.

Consolidated banking assets in Gibraltar.

Chart 1. Consolidated banking assets in Gibraltar.

Recent structural changes (2013 - 2018) of the banking sector of Gibraltar are summarised in Table 1.

Number of Opened Banks101010
Number of Closed Banks021120

Table 1. Recent structural changes in the banking sector of Gibraltar.

The list of the most recently opened banks in Gibraltar is provided in Table 2.

NameStart Date
G-Rock LimitedMarch 2017
Moneycorp Bank LimitedJune 2015
Gibraltar International Bank LimitedApril 2013

Table 2. The most recently opened banks in Gibraltar.

All the credit institutions operating in Gibraltar can be classified into several categories. Table 3 summarises the number of banks in each category.

CategoryNumber of Banks
Branches of foreign banks1

Table 3. Number of banks by category in Gibraltar.

There are 1 branches of foreign banks from 1 different countries in Gibraltar. Table 4 shows the number of branches grouped by the country of origin.

Country of OriginNumber of Branches
JE Jersey1

Table 4. Number of branches of foreign banks in Gibraltar grouped by country of origin.

Deposit Guarantee Scheme

Maximum Protected Amount
100,000 EUR

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

From a depositor's point of view it is important to know:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Gibraltar are summarised in Table 5.

Maximum Protected Amount
100,000 EUR
Scheme Participants
all credit institutions operating in Gibraltar
branches of non-EEA banks
branches of Gibraltar banks abroad
Scheme Exemptions
branches of EEA-banks (covered by their home countries)
Eligible Depositors
natural persons
  • individuals, residents of Gibraltar
  • individuals, foreign residents
  • sole traders
legal entities
  • partnerships
  • clubs, associations, schools, charities
  • companies
Covered Currencies
all currencies, namely
  • GIP (Gibraltar pound)
  • foreign currencies
Paid In Currency

Table 5. Deposit guarantee scheme in Gibraltar.

EEA stands for European Economic Area and consists of all EU member states plus Liechtenstein, Norway and Iceland.

Further Information