Bank deposits decrease 2.8% to Rs30.3tr in Dec
MG News | January 23, 2025 at 10:45 AM GMT+05:00
January 23, 2025 (MLN): The total deposits held by scheduled banks have moved down by 2.8% to Rs30.28 trillion in December compared to Rs31.15tr by the end of last month.
When compared to the same month of last year, banks' deposits have risen by 8.8%, compared to Rs27.84tr held in December 2023, data released by the central bank showed.
Total advances increased by 7.6% to Rs16.01tr compared to Rs14.87tr a month ago. Meanwhile, advances increased by 29.6% from their value of Rs12.35tr from a year ago.
As a result of the weak momentum of deposits and strong inflow of advances, the Advances to Deposits Ratio (ADR) rose to 52.9%, an increase of 511 basis points on a monthly basis.
Meanwhile, when compared to a year ago, ADR showed an increase of 850bps.
Total investments increased by 0.4% to Rs29.13tr from last month. While compared to last year, investments rose 15.2%.
Investment to Deposit Ratio (IDR) moved up by 299bps to 96.2% compared to last month and increased by 539 bps when compared to a year ago.
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