Another big rise in bank deposits

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Bank deposits grew by £3.4 billion (1.8%) to £188 billion in the three months to the end of March.

The net asset value of funds administered in Jersey reached a new high of £156 billion, up by £18.5 billion (13.5%).

The total value of managed funds rose by £9.1 bn (18.5%) to £58.3 bn, with 169 ‘expert’ funds established, compared to 134 in the previous quarter.

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