Banks’ deposits increase by 11.83% YoY to Rs25.5tr: SBP

July 12, 2023 (MLN): The total deposits held by scheduled banks have moved up by 11.83% YoY to Rs25.5 trillion in June 2023 compared to Rs.22.8 tr in June 2022.

Accoring to data released by the SBP, Banks deposits have edged higher by 4.59% MoM, compared to Rs24.38 tr in May 2023.

Total advances increased by 12.09 % to Rs12.2 tr compared Rs10.88 from a year ago. On a monthly basis, advances increased by 1.08 % from its values of Rs12.07 tr in May 2023.

Advances to Deposit Ratio (ADR) stood at 47.84% showing a decrease of 166 bps on a monthly basis and an increase of 12 bps on a yearly basis.

Total Investments of Scheduled Banks stood at Rs20.89 tr compared to Rs.20.14 tr from a month ago and Rs17.41 tr from a year ago, showing a MoM increase of 3.73% and a YoY decrease of 19.96%.

Investment to Deposit Ratio (IDR) moved down by 68 bps to 81.92% compared to May 2023 and increased by 555 bps when compared to a year ago.

Copyright Mettis Link News