Banks’ deposits increase 17.9% to Rs30.78tr in Aug
MG News | September 19, 2024 at 05:17 PM GMT+05:00
September 19, 2024 (MLN): The total deposits held by scheduled banks have moved up by 17.9% from a year ago to Rs30.78 trillion in August 2024 compared to Rs26.11tr in August 2023.
According to data released by the SBP, Banks' deposits have edged higher by 0.6% MoM, compared to Rs30.6tr in July 2024.
Total advances increased by 0.28% to Rs11.81tr compared to Rs11.78tr from a year ago. On a monthly basis, advances decreased by 0.54% from their value of Rs11.87tr in July 2024.
Advances to Deposit Ratio (ADR) stood at 38.36% showing a decrease of 673 bps on a yearly basis, while showing a decrease of 43 bps on a monthly basis.
Total Investments of Scheduled Banks stood at Rs31.03tr compared to Rs22.02tr from a year ago and Rs30.43tr from a month ago, showing a YoY increase of 40.95% and a MoM increase of 1.98%.
Investment to Deposit Ratio (IDR) moved up by 1,651 bps to 100.83% compared to August 2023 and increased by 139 bps when compared to a month ago.
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