1H24 Financial Results
Deposit switching
Rate of switching has slowed
Domestic retail deposits 1,2
Non-interest bearing mvt %4
3Q23
4Q23
1Q24
2Q24
(7.5%)
(4.1%)
(4.3%) (3.3%)
129
153
$bn
Domestic business deposits 1,2,3
Non-interest bearing mvt %4
$bn
172
177 177 177 181 185 188 193 196
3Q23
(8.5%) 1.0%
4Q23
1Q24
2Q24
(8.5%)
2.1%
174 177
170
189 183
176 178 185
174 167
118
94
57
49
83 82 82 86
66 67 65 69 70 71
63 67 68
95 98 102 105 107
121
73 75
69
89 89
94 100
82
78
47
67 63 59 56 54 52
54
58 58
62
46
34
62 59
22
48 50
57 52
53
48 49
36
Dec 21 Jun 22 Dec 22 Jun 23 Dec 23
Dec 19
Dec 20
Term deposits
Dec 21 Jun 22 Dec 22 Jun 23 Dec 23
At-call interest bearing5
Dec 19
Dec 20
Offsets5
Non-interest bearing
1. CBA Group, excludes ASB. Reflects retail and business deposits distributed to RBS, BB and IB&M customers. 2. Excludes other demand deposits. 3. Includes IB&M. 4. Percentage change in spot balances
on an unrounded basis versus the prior quarter. 5. At-call interest bearing deposits excluding offsets. Offsets are included in At-call interest bearing deposits on the balance sheet.
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