Jersey’s finance industry has reported a positive first quarter of 2013 right across its different sectors, with the levels of bank deposits rising and the value of funds being administered increasing to their highest level in four years.

In the first quarter of 2013, bank deposits grew for the second consecutive quarter, increasing by £3 billion, with sterling deposits representing 36 percent and currency deposits 64 percent of the total amount. 

Within the funds sector, the total net asset value of funds under administration in Jersey surpassed the £200bn barrier for...