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	169,258.35 229.53M	2.19% 3623.51
ALLSHR	100,712.75 439.45M	2.05% 2026.80
KSE30	51,098.75 124.69M	2.22% 1111.65
KMI30	245,112.38 104.27M	2.26% 5425.13
KMIALLSHR	65,952.46 223.59M	2.09% 1348.57
BKTi	46,256.69 44.39M	1.79% 812.09
OGTi	34,596.46 6.22M	1.86% 632.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,160.00	74,900.00 74,015.00	-240.00 -0.32%
BRENT CRUDE	95.74	95.79 93.93	0.95 1.00%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.40 0.38%
ROTTERDAM COAL MONTHLY	105.90	105.90 105.90	0.40 0.38%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	91.66	92.38 86.96	0.38 0.42%
SUGAR #11 WORLD	13.93	13.95 13.56	0.25 1.83%