Banks' deposits increase 16.1% YoY to Rs31.11tr in November 2024

MG News | December 11, 2024 at 02:01 PM GMT+05:00

0:00

December 11, 2024 (MLN): Banks' deposits saw a notable Year-on-Year (YoY) increase of 16.1% in November 2024, reaching Rs31.11tr compared to Rs26.8tr in November 2023, according to data released by the central bank.

However, on a monthly basis, deposits slightly declined, from Rs31.12 trillion at the end of October 2024.

Total advances increased by 7.9% to Rs14.87tr compared to Rs13.78tr a month ago. Meanwhile, advances increased by 24.3% from their value of Rs11.96tr from a year ago.

As a result of weak momentum of deposits and strong inflow of advances, the Advances to Deposits Ratio (ADR) rose to 47.8%, an increase of 352 basis points on a monthly basis.

Meanwhile, when compared to a year ago, ADR showed an increase of 316bps.

Total investments increased by 0.3% to Rs29.03tr from last month. While compared to last year, investments rose 18.1%.

Investment to Deposit Ratio (IDR) moved up by 29bps to 93.3% compared to last month and increased by 154 bps when compared to a year ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,830.22 319.89M	-0.14% -243.51
ALLSHR	102,922.38 808.59M	-0.19% -197.80
KSE30	52,169.49 112.77M	-0.13% -68.01
KMI30	242,960.31 62.27M	-0.31% -745.44
KMIALLSHR	66,780.42 307.03M	-0.21% -140.25
BKTi	47,435.60 66.45M	0.00% 0.50
OGTi	33,373.62 6.42M	0.72% 237.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,830.00	88,175.00 86,760.00	-310.00 -0.35%
BRENT CRUDE	62.28	62.73 62.02	-0.10 -0.16%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	0.45 0.48%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.40	58.75 58.13	0.02 0.03%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%