NAB business deposits on the wane
National Australia Bank business deposits have decreased over the last two months, according to APRA's monthly banking statistics.The major player in the market remains National with a book of $63 billion, which has decreased by $830 million since June, with an increase during calendar year 2008 of less than two per cent.ANZ currently has $51 billion in business deposits, with growth difficult to determine due to the reclassification of loans for the period. Commonwealth calculations are equally difficult due to an accounting change applied mid-year, with the book $46 billion ending August.Westpac and St George both increased three per cent for the month to $43 billion and $20 billion respectively, with the potential combined total post merger able to rival National. The BankWest business deposit book has fallen five per cent this year to $16.6 billion.On the asset side National is the dominant business lender with $82 billion outstanding as at August, an increase of six per cent for 2008.ANZ reported $71 billion in business loans, up ten per cent this year, with Commonwealth and Westpac both having $61 billion, with percentage changes again difficult to calculate due to recent reclassification of loans.