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Financial Institutions Survey 2014

Produced by the Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by Statistics Unit and published on 01 Jul 2015
Prepared internally, no external cost

Summary

​The annual Survey of Financial Institutions has been running since 1996. The survey provides information on finance sector profits, staff levels and expenditure on salaries and other goods and services.  

In 2014:

  • total net profit was £1,470 million, an increase of £290 million (25%) compared with 2013
  • total revenue was £2.39 billion, an increase of 2% compared with 2013
  • total expenditure on goods and services was £740 million, an increase of 4% compared with 2013; with almost half of all such expenditure occurring on-Island
  • total expenditure on employment was essentially unchanged when compared to 2013, at around £720 million
  • average (mean) employment costs were £61,000 per FTE employee; a decrease of 2% when compared to 2013
  • the number of local staff recruited directly from school and university was 390 FTEs; the number of local new recruits was 80 higher than 2013 and is the highest number recorded since this survey began

Download Survey of Financial Institutions 2014 report (size 690kb)
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