What's on offer

Jersey had 70 offshore banking registered at the end of 1993, and their total assets were 52.9 billion pounds sterling, a reduction fromt he 54.4 billion pounds recorded at the end of the previous qtr. There is no compensation scheme for depositors on Jersey, though banks are thoroughly screen before they can begin operations. This screening is carried out by the island's Financial Services Department. A wide range of banking services is offered by banks operating on the island, including private banking for rich clients.