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	150,398.71 270.15M	-1.06% -1612.55
ALLSHR	90,084.08 469.39M	-0.93% -849.88
KSE30	45,453.36 99.47M	-1.14% -522.50
KMI30	218,271.12 195.05M	-0.92% -2019.44
KMIALLSHR	58,965.48 294.49M	-0.81% -483.69
BKTi	41,775.34 33.94M	-0.76% -317.96
OGTi	31,328.42 11.96M	-0.61% -192.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,165.00	67,625.00 66,480.00	-15.00 -0.02%
BRENT CRUDE	109.24	109.74 99.08	8.08 7.99%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	112.06	113.97 97.50	11.94 11.93%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%