Commonwealth leads on deposits

Commonwealth increased deposits by 1.3 per cent during August to $111 billion, with the deposit balance $20 billion or 22 per cent higher than the $91 billion one year ago in August 2007. According to the latest figures released yesterday by the Australian Prudential Regulatory Authority, National Australia Bank increased deposits one per cent for August to $48.5 billion, with the deposit book 12 per cent higher than the $43.4 billion from one year ago. Westpac's deposit book increased one per cent for the month to $48.4 billion, and ten per cent for the year, with ANZ also up one per cent in August to $48 billion, with the one year comparison of 39 per cent inflated due to reclassifications of loans. St George's August deposits increased slightly to $34.7 billion, 10 per cent higher than one year ago.

Source: The Sheet

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