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77,000 new customers for Suncorp 28 September 2009
Suncorp reported growth in deposits over the financial year of 13 per cent, and even opened 77,000 new accounts. The growth in deposits comes after a difficult period for Suncorp.In the group’s annual report, published on Friday, Suncorp confirmed that “events of 2008/09” had caused significant deposit outflows in September 2008 as investors shifted funds from regional banks and credit unions to AA-rated banks.This episode in the weeks following the crash of Lehman Brothers, was a serious one. In the past Suncorp has denied this run even took place.Suncorp was saved ultimately by the Australian government guarantee announced in mid October 2008.
