U.K. bank Barclays said it had completed its purchase of Standard Life Bank, boosting its deposit balances by about 6 per cent.

Standard Life announced in October that it was selling the bank unit for at least 226 million pounds - about $365 million, and that it would explore possible joint ventures with Barclays.

As of June 30, Standard Life Bank held deposits of 5.5 billion pounds and Barclays had deposits of 88.5 billion pounds.

Barclays' mortgage book totaled 84.4 billion pounds, while Standard Life Bank's mortgage lending amounted to 8.8 billion pounds.