Banking sector ADR improves to 44.3% as of Oct
MG News | December 02, 2024 at 08:11 PM GMT+05:00
December 02, 2024 (MLN): The Advances to Deposit Ratio (ADR) of the banking sector stood at 44.3% as of October 2024, significantly up by 502 basis points compared to the ratio of 39.3% as of September 2024.
Meanwhile, on a yearly basis, the ADR ratio dropped 79bps compared to 45.1% in October 2023.
Total advances increased by 12% to Rs13.78tr compared to Rs12.31tr a month ago. Meanwhile, advances increased by 15.8% from their value of Rs11.9tr from a year ago.
Furthermore, scheduled bank deposits have edged down 0.7% to Rs31.12tr in October compared to Rs31.34tr by the end of last month.
When compared to the same month of last year, banks' deposits have increased by 17.9%, compared to Rs26.4tr held in October 2023.
Total investments decreased by 5.7% to Rs28.94tr from last month. While compared to last year, investments rose 24.6%.
Investment to Deposit Ratio (IDR) moved down by 495bps to 93% compared to last month and increased by 499bps when compared to a year ago.
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