Banks’ deposits increase by 15% YoY to Rs23.56tr: SBP

MG News | April 10, 2023 at 04:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 10, 2023 (MLN): The total deposits held by scheduled banks have moved up by 15% YoY to Rs23.56 trillion in March 2023 compared to Rs20.46tr in March 2022, data issued by State Bank showed today.

Similarly, on monthly basis, local banks’ deposits have edged higher by 2.8% MoM, compared to Rs22.92bn in February 2023.

The data further revealed that the investments of scheduled banks jumped to Rs19.23tr in March 2023, showing a growth of 28% YoY. While, on monthly basis, the investment has inched up by 1.3% MoM from Rs18.93tr.

Similarly, demand for advances posted positive growth of 14.6% YoY and 1% MoM to 11.83tr in March 2023 compared to Rs10.38tr in March 2022 and Rs11.72tr in February 2023, respectively.

Consequently, banks' investment-to-deposit ratio (IDR) has soared to 81.6%, registering a surge of 832 basis points (bps) YoY whereas, on monthly basis, it dropped by 91bps.

Meanwhile, the advances to deposits ratio (ADR) moved down by 21bps YoY and 91 bps MoM to 50.2% in March 2023 compared to 50.4% in March 2022, and 51.1% in February 2023, respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,884.59 165.82M	1.09% 1841.39
ALLSHR	103,297.23 574.85M	1.03% 1052.60
KSE30	50,883.00 85.37M	1.16% 585.22
KMI30	243,139.25 70.59M	1.05% 2522.69
KMIALLSHR	66,979.22 287.59M	0.99% 655.18
BKTi	47,642.11 15.25M	1.66% 776.54
OGTi	35,136.50 9.94M	0.68% 237.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,225.00	81,990.00 80,410.00	-105.00 -0.13%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.47	0.00 0.00	-0.61 -0.63%
SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%