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Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Financial services statistics

​​​​Bank deposits​​​​​

Total bank ​deposits held in Jersey were £156.4 billion at the end of 2023. 

This is approximately £60 billion less than the peak of £212.3 billion recorded in 2007.

The number of bank licences was one less in 2023 compared with 2022.

Bank deposits in Jersey from 1998 to 2023 (at 31 December each year)

​Year
Number of banks​
Deposits
​​​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
5151.4106.8158.1
​2005​47​55.3​129.4184.6
​2006​46​60.6​129.1189.7
​2007​4869.4​142.9212.3
​2008​47​65.1​141.0206.1
​2009​47​57.5​107.7165.2
​2010​45​56.4​105.2161.6
​2011​40​55.9​103.8158.1
​2012​42​56.1​96.0152.1
​2013​42​52.4​87.5139.9
​2014​33​51.5​80.9132.4
​2015​3251.7​74.8126.5​
​201629​53.6​60.2​113.9​
​2017
28​57.4​60.6​118.1​
​201826​56.0​66.9​122.9​
​201925​​59.383.6​142.9​
​202024​57.5​74.1​131.7​
​2021
20​60.3​73.3​133.5​
​2022
20​
62.3​
86.0​148.4​
​2023
19​59.0​97.4​157.2​

Source: Jersey Financial Services Commission

Fund a​dministration

The total value of collective investment funds administered from Jersey was £452.3 billion in 2023, which was £36.6 billion lower than in 2022. 

The value of funds administered reached a previous peak of £246.2 billion in 2007, which decreased to £166.2 billion in 2009 but subsequently increased to £488.9 billion in 2022, the highest value recorded to date.

Total value and number of funds administered from Jersey 2003 to 2023 (at 31 December each year)

YearNumber of funds Total number of separate pools Total value (£ billion)
​2003
602​2,142​102.5​
2004
8332,214104.1
20059652,437137.4
20061,1572,658179.1
20071,3112,934246.2
20081,4723,129241.2
20091,2942,725166.2
20101,2872,603184.7
20111,3922,454189.4
20121,3882,322192.8
20131,3342,149192.2
20141,3232,176228.9
20151,3202,163225.8
​20161,195​1,996​259.6​
​2017
1,104​2,063​291.2​
​2018963​2,166​319.9​
​2019844​​2,190345.7​
​2020750​2,054​378.1​
​2021
713​
2,093​
450.3​
​2022
637
1,914​488.9​
​2023
624
1,910​452.3​

Source: Jersey Financial Services Commission

Investment business

The value of total funds under investme​nt management stood at £39.4 billion at the end of 2023. This was an increase of £2.3 billion compared to 2022.

Value of funds under investment management from 2004 to 2023 (at 31 December each year)

 Year
Class B of the Financial Services
(Jersey) Law 1998 (£ billion)
Qualifying Segregated Managed Accounts ("QSMA") (£ billion) Total 
(£ billion)
200415.9Not applicable15.9
200518.2Not applicable18.2
200618.2Not applicable18.2
200719.3Not applicable19.3
200818.8Not applicable18.8
200919.7Not applicable19.7
201021.4Not applicable21.4
201120.8Not applicable20.8
201221.2Not applicable21.2
201322.2Not applicable22.2
201420.8Not applicable20.8
201521.71.823.5
​201620.6​1.9​22.6​
​2017
22.2​1.6​23.8​
​201823.3​1.6​24.9​
​201926.8​1.4​28.2​
​202028.4​1.1​29.5​
​2021
31.8​​​​1.5
33.3​
​2022
30.2​6.9​37.1​
​2023
32.8​6.6​39.4​

Source: Jersey Financial Services Commission

Registered companies

The number of companies registered in Jersey increased by 351 in 2023 compared with 2022.

Number of registered companies in Jersey 2003 to 2023 (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​
​200933,074​
​201032,722
​201132,508
201232,503
​201332,479
​201432,717
​201533,063
​2016
32,249​
​2017
32,027​
​201832,186​
​201932,493​
​202033,626​
​2021
34,523​
2022
35,028​
​2023
35,379​

Source: Jersey Financial Services Commission

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