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	184,409.67 393.48M	-0.61% -1133.34
ALLSHR	110,382.58 1,026.61M	-0.45% -501.36
KSE30	56,593.88 158.22M	-0.71% -404.12
KMI30	259,208.41 213.19M	-0.87% -2263.77
KMIALLSHR	70,710.78 493.25M	-0.60% -427.51
BKTi	53,774.72 51.55M	-0.55% -299.43
OGTi	36,045.04 14.71M	-0.59% -214.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,645.00	92,275.00 89,825.00	-460.00 -0.50%
BRENT CRUDE	63.02	63.92 61.83	1.03 1.66%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.25 -1.42%
ROTTERDAM COAL MONTHLY	95.30	98.65 95.30	-2.90 -2.95%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.78	59.77 57.61	1.02 1.77%
SUGAR #11 WORLD	14.89	14.99 14.78	-0.08 -0.53%