01 July 2015
The Statistics Unit has released the 2014 Survey of Financial Institutions report. The survey covers banks, fund managers, investment trusts, accountancy and legal firms. The latest report shows that in 2014:
- total net profit was £1,470 million, an increase of £290 million (25%) compared with 2013
- total revenue was £2.39 billion, an increase of 2% compared with 2013
- total expenditure on goods and services was £740 million, an increase of 4% compared with 2013; with almost half of all such expenditure occurring on-island
- total expenditure on employment was essentially unchanged when compared to 2013, at around £720 million
- average (mean) employment costs were £61,000 per FTE employee; a decrease of 2% when compared to 2013
- the number of local staff recruited directly from school and university was 390 FTEs; the number of local new recruits was 80 higher than 2013 and is the highest number recorded since this survey began
Download Survey of Financial Institutions 2014 report (size 690kb)
gov.je