32
fixed deposit and the remainder on current account.
It
will be seen that the 56 local Banks have total deposits of £P.3,050,254 of which £P.926,328 is on fixed deposit and
£P.2,123,926 is on current Account.
information is set out below:-
The relative
Fixed Deposits
£P.
Current Account £P.
Total
The 8 Banks whose
paid-up capital or
own funds" is
£P.25,000 or over
Commercial Banks
208,590
490,655
699,245
Co-operative
Societies
Total
370,795
£P. 579,385
632,563
1.123,218
1,003,358
1.702.603
The 6 Banks whose
paid-up capital or
own funds" is
£P.10,000 or over but under £P.25,000
Commercial Banks
140,155
441,049
581,204
Co-operative
Societies
63,936
169.806
233,742
Total
EP.
204.091
610.855
814,946
The 42 Banks whose paid-up capital or
own funds" is
less than £P.10,000
Commercial Banks
78,346
194,081
272,427
Credit Banks
5,649
5,649
Co-operative
Societies
Total
64,506
190,123
254.629
£P.
142,852
389.853
532,705
Total of 56 Banks
EP.
926,328
2,123,926
3,050,254
These figures indicate that at the 31st December
last of the total deposits 76% was held by foreign Banks and 24% by local Banks; of fixed deposits 69% was with foreign
Banka