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Deposits up in Q3 2011

Another good showing for the rural banking industry as the Philippine Deposit Insurance Corporation (PDIC) reports a significant increase in the total level of deposits. As of third quarter in 2011, total deposits in RBs increased by 4.1% from P119.5 billion to P124.4 billion.

Based on the general breakdown for all banks (commercial, thrift, rural, etc), almost half of deposits are in the form of savings deposits, which grew 10.1% year-on-year.

For a detailed report, kindly check out the following PDIC webpage: http://www.pdic.gov.ph/index.php?nid1=8&nid2=1&nid=100023, or download the three-page file from RBAP’s Slideshare account.

Thank you.