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	162,257.01 562.77M	1.87% 2976.92
ALLSHR	99,380.23 1,709.54M	1.45% 1420.48
KSE30	49,723.02 249.85M	2.19% 1064.70
KMI30	242,320.07 203.65M	1.92% 4557.15
KMIALLSHR	67,250.10 719.31M	1.41% 933.64
BKTi	43,218.98 85.51M	2.61% 1101.06
OGTi	33,939.93 32.55M	2.48% 822.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,550.00	110,495.00 109,270.00	-470.00 -0.43%
BRENT CRUDE	69.33	69.75 69.11	-0.09 -0.13%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	92.90	92.90 92.90	0.10 0.11%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	64.91	65.40 64.66	-0.07 -0.11%
SUGAR #11 WORLD	16.28	16.41 16.21	0.00 0.00%