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You are here: Home News Blog Cagayan de Oro News Blog Deposits up 4.9% in 2011

Deposits up 4.9% in 2011

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THE Philippine Deposit Insurance Corporation (PDIC) reported that total deposits in banks rose by P251.2 billion, or 4.9 percent from P5.12 trillion as of end-2010 to P5.37 trillion as of end-2011.

Deposits in all bank types grew in terms of industry aggregates.

Commercial banks, which accounted for 88.4 percent of deposits, registered the highest annual deposit growth among banks with its deposit level reaching P4.75 trillion as of December 2011 from P4.51 trillion posted in 2010, a growth of 5.4 percent for the year.

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