The organisation, which represents Jersey’s finance industry, said bank deposits had risen 2.3% in the three month period, standing at £152.1bn at the end of the year from £147.8bn in the previous quarter.
Meanwhile Jersey’s funds business also enjoyed a good quarter, with the total net asset value of funds under administration standing at £192.8bn at the end of the year. This was up from £189.5bn at the end of the third quarter.
Geoff Cook, chief executive of Jersey Finance, said: “Jersey’s finance industry performance remained steady in the twelve months ending December 2012, and with both bank deposits and the total net asset value of funds under administration increasing in the final quarter there are positive signs for the year ahead. The investment management sector is also showing stable business results.”
Looking specifically at bank deposits, Cook said more than half (57%) of the depositors are based outside the Channel Islands and the UK, with 20% originating from European non-EU countries and 13% from the Middle East.
