Jersey banking and funds sectors report strong end to 2019

Pedro Gonçalves
Jersey banking and funds sectors report strong end to 2019

Jersey's financial services industry reported a strong end to 2019 with its funds sector seeing an annual 8% increase in the value of assets it services to reach another record high, and the banking sector reporting the highest level of deposits in more than six years, according to the latest industry statistics. Figures for the fourth quarter of 2019 (ending 31 December 2019), collated by the Jersey Financial Services Commission (JFSC), show that the net asset value of regulated funds und...

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