Banks’ deposits increase by 15% YoY to Rs22.92tr: SBP

MG News | March 13, 2023 at 04:45 PM GMT+05:00

0:00

March 13, 2023 (MLN): The total deposits held by scheduled banks have moved up by 15% YoY to Rs22.92 trillion in February 2023 compared to February 2022, data issued by State Bank showed today.

Similarly, on monthly basis, local banks’ deposits have edged higher by 0.73% MoM, compared to Rs22.75bn in January 2023.

The data further revealed that the investments of scheduled banks jumped to Rs18.9tr in February 2023, showing a growth of 30.61% YoY. However, on monthly basis, the investment has dropped by 1.55% MoM from Rs19.3tr.

Consequently, banks' investment-to-deposit ratio (IDR) on monthly basis increased to 82.85% by end of February 2023, up by 984bps YoY.

Similarly, demand for advances posted positive growth of 18% YoY during the month under review to Rs11.7tr.

Meanwhile, the advances to deposits ratio (ADR) inclined by 112bps YoY to 51% in February 2023.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	0.00 0.00	-510.00 -0.47%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	0.00 0.00	0.00 0.00%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%