Notes to the consolidated financial statements
- « 27 Other assets
- 28 Deposits from banks
- 29 Customer accounts »
28 Deposits from banks
The breakdown of deposits from banks between the domestic and international offices of the Group is set out below:
|
2008 |
2007 |
||
|---|---|---|---|
|
Domestic: |
|||
|
Non-interest bearing |
131 |
101 |
|
|
Interest bearing |
58,471 |
32,335 |
|
|
58,602 |
32,436 |
||
|
International: |
|||
|
Non-interest bearing |
23 |
46 |
|
|
Interest bearing |
7,889 |
6,609 |
|
|
7,912 |
6,655 |
||
|
Deposits from banks |
66,514 |
39,091 |
At 31 December 2008 £1,956 million (2007: £25 million) of deposits from banks had a contractual residual maturity of greater than one year.
Included in deposits from banks were deposits of £2,574 million (2007: £1,509 million) held as collateral, principally in relation to derivative contracts. The fair value of those deposits approximates the carrying amount.