Bank deposits fall by £1.7bn

And Heather Bestwick said that the fact that deposit and fund figures remain stable show that the banking sector is holding up well in turbulent times.

‘In these volatile times international investors are looking for stability, a secure finance environment, innovation in products and a quality service offering. Jersey continues to provide such a combination, which is helping us maintain our appeal to international investors,’ she said.

There was a slight fall of £1.7 billion in the value of bank deposits held in Jersey in the third quarter of 2012 to £148.7 billion.

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