Banks’ deposits fall over Rs500bn in July

MG News | August 16, 2024 at 03:24 PM GMT+05:00

0:00

August 16, 2024 (MLN): The total deposits held by scheduled banks have decreased by Rs518 billion or 1.7% to Rs30.6 trillion in July 2024 compared to last month, data released by the SBP showed.

On a yearly basis, deposits have moved up by 19.1% compared to Rs25.7tr in July 2023.

Total advances decreased by 0.22% to Rs11.87tr compared to Rs11.9tr from a year ago. On a monthly basis, advances decreased by 4.53% from their value of Rs12.43tr in June 2024.

Advances to Deposit Ratio (ADR) stood at 38.79% showing a decrease of 750 bps on a yearly basis, and a decrease of 116 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs30.43tr compared to Rs21.47tr from a year ago and Rs30.17tr from a month ago, showing a YoY increase of 41.75% and a MoM increase of 0.86%.

Investment to Deposit Ratio (IDR) moved up by 1,591 bps to 99.44% compared to July 2023 and increased by 249 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	159,096.79 286.00M	-0.30% -481.40
ALLSHR	96,671.31 956.17M	-0.27% -260.40
KSE30	48,148.75 102.85M	-0.46% -220.17
KMI30	227,277.27 68.51M	-0.56% -1278.41
KMIALLSHR	62,859.90 336.58M	-0.52% -331.18
BKTi	44,327.12 35.20M	-0.45% -200.35
OGTi	30,536.59 6.65M	-0.82% -252.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	103,470.00	104,590.00 103,045.00	-770.00 -0.74%
BRENT CRUDE	63.98	64.34 63.37	0.46 0.72%
RICHARDS BAY COAL MONTHLY	87.25	87.25 87.25	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.00	97.00 96.50	-0.20 -0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.11	60.51 59.46	0.51 0.86%
SUGAR #11 WORLD	14.11	14.23 14.04	0.00 0.00%