Banks’ deposits increase by 16.8% YoY to Rs23.42tr: SBP

MG News | May 11, 2023 at 01:16 PM GMT+05:00

0:00

May 11, 2023 (MLN): The total deposits held by scheduled banks have moved up by 16.8% YoY to Rs23.42 trillion in April 2023 compared to Rs20.05tr in April 2022, data issued by State Bank showed today.

On the other hand, on a monthly basis, local banks’ deposits have edged lower by 0.6% MoM, compared to Rs23.56bn in March 2023.

The data further revealed that the investments of scheduled banks jumped to Rs19.69tr in April 2023, showing a growth of 29.5% YoY. While, on monthly basis, the investment has inched up by 2.4% MoM from Rs19.23tr.

Similarly, demand for advances posted positive growth of 13.8% YoY and 1% MoM to 12.11tr in April 2023 compared to Rs10.63tr in April 2022 and Rs11.83tr in March 2023, respectively.

Consequently, banks' investment-to-deposit ratio (IDR) has soared to 84.1%, registering a surge of 821 basis points (bps) YoY and 243 bps on MoM basis.

Meanwhile, the advances to deposits ratio (ADR) moved down by 136 bps YoY to 51.7% in April 2023 compared to 53% in April 2022, whereas on monthly basis, it dropped increased by 146 bps compared to 50.2% in March 2023.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,966.46 72.86M	-0.12% -203.83
ALLSHR	102,998.66 152.01M	-0.46% -477.99
KSE30	52,713.59 25.45M	0.10% 54.80
KMI30	240,560.08 21.42M	0.02% 48.79
KMIALLSHR	65,793.97 78.40M	-0.29% -194.07
BKTi	50,963.18 10.26M	-0.10% -49.73
OGTi	33,848.62 4.04M	0.84% 283.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,280.00	67,665.00 66,880.00	75.00 0.11%
BRENT CRUDE	71.91	72.16 71.59	0.25 0.35%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.10 -3.13%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.75 -1.63%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.64	66.86 66.31	0.24 0.36%
SUGAR #11 WORLD	13.72	13.85 13.62	-0.04 -0.29%