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

By 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	116,167.47 196.19M	-3.21% -3855.77
ALLSHR	72,520.45 592.09M	-3.25% -2436.50
KSE30	35,407.35 91.90M	-3.08% -1125.88
KMI30	169,941.57 107.37M	-4.34% -7706.50
KMIALLSHR	49,473.13 343.03M	-3.77% -1939.83
BKTi	29,738.38 20.43M	-1.40% -423.47
OGTi	25,820.06 11.54M	-4.40% -1188.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,020.00	106,185.00 103,850.00	1725.00 1.67%
BRENT CRUDE	69.82	70.20 68.23	-1.66 -2.32%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.35 -3.67%
ROTTERDAM COAL MONTHLY	103.85	0.00 0.00	0.10 0.10%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.85	67.83 64.38	-1.66 -2.42%
SUGAR #11 WORLD	16.52	16.78 16.49	-0.05 -0.30%