Bank deposits fall by £1.7bn

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THE latest bank deposit figures show that investors remain confident in the Island's ability to meet their needs, says the deputy chief executive of Jersey Finance.

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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