Financial services statistics

Bank deposits

Total bank deposits held in Jersey were £133.5 billion at the end of 2021.

This is approximately £80 billion less than the peak of £212.3 billion recorded in 2007.

The number of bank licences was four less in 2021 compared with 2020.

Bank deposits in Jersey from 1998 to 2021 (at 31 December each year)

Year	Number of banks	Deposits
Year	Number of banks	Sterling (£ billion)	Currency (£ billion)	Total (£ billion)
1998	79			103
1999	77			108
2000	74	39.8	77.4	117.3
2001	64	44.1	88.1	132.2
2002	59	47.5	91.8	139.3
2003	55	47.3	101.9	149.3
2004	51	51.4	106.8	158.1
2005	47	55.3	129.4	184.6
2006	46	60.6	129.1	189.7
2007	48	69.4	142.9	212.3
2008	47	65.1	141.0	206.1
2009	47	57.5	107.7	165.2
2010	45	56.4	105.2	161.6
2011	40	55.9	103.8	158.1
2012	42	56.1	96.0	152.1
2013	42	52.4	87.5	139.9
2014	33	51.5	80.9	132.4
2015	32	51.7	74.8	126.5
2016	29	53.6	60.2	113.9
2017	28	57.4	60.6	118.1
2018	26	56.0	66.9	122.9
2019	25	59.3	83.6	142.9
2020	24	57.5	74.1	131.7
2021	20	60.3	73.3	133.5

Source: Jersey Financial Services Commission

Fund administration

The total value of collective investment funds administered from Jersey reached a previous peak of £246.2 billion in 2007.

This total decreased to £166.2 billion in 2009 but has subsequently increased to £450.3 billion in 2021, the highest recorded to date.

Total value and number of funds administered from Jersey 2003 to 2021 (at 31 December each year)

Year	Number of funds	Total number of separate pools	Total value (£ billion)
2003	602	2,142	102.5
2004	833	2,214	104.1
2005	965	2,437	137.4
2006	1,157	2,658	179.1
2007	1,311	2,934	246.2
2008	1,472	3,129	241.2
2009	1,294	2,725	166.2
2010	1,287	2,603	184.7
2011	1,392	2,454	189.4
2012	1,388	2,322	192.8
2013	1,334	2,149	192.2
2014	1,323	2,176	228.9
2015	1,320	2,163	225.8
2016	1,195	1,996	259.6
2017	1,104	2,063	291.2
2018	963	2,166	319.9
2019	844	2,190	345.7
2020	750	2,054	378.1
2021	713	2,093	450.3

Source: Jersey Financial Services Commission

Investment business

The value of total funds under investment management stood at £29.5 billion at the end of 2020. This was an increase of £1.3 billion compared to 2019.

Value of funds under investment management from 2004 to 2021 (at 31 December each year)

Year	Class B of the Financial Services (Jersey) Law 1998 (£ billion)	Qualifying Segregated Managed Accounts ("QSMA") (£ billion)	Total (£ billion)
2004	15.9	Not applicable	15.9
2005	18.2	Not applicable	18.2
2006	18.2	Not applicable	18.2
2007	19.3	Not applicable	19.3
2008	18.8	Not applicable	18.8
2009	19.7	Not applicable	19.7
2010	21.4	Not applicable	21.4
2011	20.8	Not applicable	20.8
2012	21.2	Not applicable	21.2
2013	22.2	Not applicable	22.2
2014	20.8	Not applicable	20.8
2015	21.7	1.8	23.5
2016	20.6	1.9	22.6
2017	22.2	1.6	23.8
2018	23.3	1.6	24.9
2019	26.8	1.4	28.2
2020	28.4	1.1	29.5
2021	31.8	1.5	33.3

Source: Jersey Financial Services Commission

Registered companies

The number of companies registered in Jersey increased by 897 in 2021 compared with 2020.

Number of registered companies in Jersey 2003 to 2021 (at 31 December each year)

Year	Number of companies registered
2003	31,780
2004	30,869
2005	31,162
2006	32,155
2007	33,683
2008	33,395
2009	33,074
2010	32,722
2011	32,508
2012	32,503
2013	32,479
2014	32,717
2015	33,063
2016	32,249
2017	32,027
2018	32,186
2019	32,493
2020	33,626
2021	34,523

Source: Jersey Financial Services Commission

Financial services statistics

Bank deposits​​​​​

Bank deposits in Jersey from 1998 to 2021 (at 31 December each year)

Fund a​dministration

Total value and number of funds administered from Jersey 2003 to 2021 (at 31 December each year)

Investment business

Value of funds under investment management from 2004 to 2021 (at 31 December each year)

Registered companies

Number of registered companies in Jersey 2003 to 2021 (at 31 December each year)

Bank deposits

Fund administration