Banks’ deposits increase by 17.87% YoY to Rs26.11tr in August: SBP

MG News | September 12, 2023 at 06:00 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 12, 2023 (MLN): The total deposits held by scheduled banks have moved up by 17.87% YoY to Rs26.11 trillion in August 2023 compared to Rs22.15 tr in August 2022.

Accoring to data released by the SBP, Banks deposits have edged higher by 1.59% MoM, compared to Rs25.7 tr in July 2023.

Total advances increased by 7.82 % to Rs11.77 tr compared Rs10.92 from a year ago. On a monthly basis, advances decreased by 1.03 % from its values of Rs11.89 tr in July 2023.

Advances to Deposit Ratio (ADR) stood at 45.1% showing a decrease of 119 bps on a monthly basis and a decrease of 420 bps on a yearly basis.

Total Investments of Scheduled Banks stood at Rs22.01 tr compared to Rs21.46 tr from a month ago and Rs18.18 tr from a year ago, showing a M.o.M increase of 2.56% and a Y.o.Y increase of 21.08%.

Investment to Deposit Ratio (IDR) moved up by 80 bps to 84.32% compared to July 2023 and increased by 224 bps when compared to a year ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,576.96 91.54M	-0.82% -1347.36
ALLSHR	98,802.52 326.02M	-0.73% -724.36
KSE30	47,883.85 42.15M	-0.89% -429.96
KMI30	233,112.70 48.93M	-1.07% -2524.49
KMIALLSHR	64,101.88 172.61M	-0.90% -581.21
BKTi	44,783.13 12.58M	-0.88% -398.08
OGTi	33,043.65 4.65M	-1.05% -351.96

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,605.00	81,920.00 81,055.00	150.00 0.18%
BRENT CRUDE	114.58	114.72 112.74	1.41 1.25%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.55 -1.19%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.80 1.24%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	100.97	101.30 98.84	1.50 1.51%
SUGAR #11 WORLD	20.27	20.29 20.02	0.14 0.70%