Figures For First Quarter Show Rise In Business Flows

The positive performance of all sectors of Jersey's finance industry in the first three months of the year has been demonstrated in statistics collated by the Jersey Financial Services Commission (JFSC) and published today (Tuesday 7 June 2016).

The JFSC's first quarter statistics show that the net asset value of regulated funds under administration increased to £228.4 billion, a £2.6 billion rise on the previous quarter (October to December 2015).

Banking deposits increased by £1.9 billion during the same period to total £128.4 billion at the end of March.

Richard Corrigan, Deputy Chief Executive of Jersey Finance, said:

"The first formal indicators for 2016 show a positive performance across all sectors of Jersey's finance industry.