Banks’ deposits increase by 15% YoY to Rs26.3tr in September: SBP
MG News | October 16, 2023 at 12:00 PM GMT+05:00
October 16, 2023 (MLN): The total deposits held by scheduled banks have moved up by 15.33% YoY to Rs26.32 trillion in September 2023 compared to Rs22.82 tr in September 2022.
According to data released by the SBP, Banks' deposits have edged higher by 0.8% MoM, compared to Rs26.11 tr in August 2023.
Total advances increased by 6.97% to Rs11.86 tr compared to Rs11.08 from a year ago. On a monthly basis, advances increased by 0.69% from its values of Rs11.78 tr in August 2023.
Advances to Deposit Ratio (ADR) stood at 45.05% showing a decrease of 5 bps on a monthly basis and a decrease of 352 bps on a yearly basis.
Total Investments of Scheduled Banks stood at Rs22.62tr compared to Rs22.02tr from a month ago and Rs17.5tr from a year ago, showing a MoM increase of 2.75% and a YoY increase of 29.39%.
Investment to Deposit Ratio (IDR) moved up by 163 bps to 85.95% compared to August 2023 and increased by 934 bps when compared to a year ago.
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