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	146,529.31 298.88M	-0.32% -476.02
ALLSHR	90,649.25 645.24M	-0.13% -120.81
KSE30	44,855.41 127.01M	-0.35% -156.33
KMI30	208,066.95 107.55M	-0.47% -973.43
KMIALLSHR	60,419.98 382.07M	-0.25% -150.87
BKTi	41,101.09 38.49M	0.35% 145.35
OGTi	30,764.81 26.70M	-1.30% -406.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,550.00	118,565.00 118,130.00	135.00 0.11%
BRENT CRUDE	66.89	66.99 65.55	1.26 1.92%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	63.90	63.96 63.81	-0.06 -0.09%
SUGAR #11 WORLD	16.58	16.85 16.51	-0.27 -1.60%