Banks’ deposits increase by 15% YoY to Rs26.3tr in September: SBP

MG News | October 16, 2023 at 12:00 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	59,485.00	63,160.00 58,995.00	-2880.00 -4.62%
BRENT CRUDE	73.81	77.00 73.22	-3.27 -4.24%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	70.35	73.18 69.63	-2.86 -3.91%
SUGAR #11 WORLD	14.01	14.09 13.81	0.06 0.43%