Banks’ deposits increase by 18% YoY to Rs26.4tr in October

MG News | November 10, 2023 at 10:19 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 10, 2023 (MLN): The total deposits held by scheduled banks have moved up by 17.78% YoY to Rs26.4 trillion in October 2023 compared to Rs22.41tr in October 2022.

According to data released by the SBP, Banks' deposits have edged higher by 0.3% MoM, compared to Rs26.32tr in September 2023.

Total advances increased by 7.65% to Rs11.9tr compared to Rs11.05tr from a year ago. On a monthly basis, advances increased by 0.34% from their value of Rs11.86tr in September 2023.

Advances to Deposit Ratio (ADR) stood at 45.07% showing a decrease of 424 bps on a yearly basis, while showing an increase of 2 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs23.23tr compared to Rs18.29tr from a year ago and Rs22.62tr from a month ago, showing a YoY increase of 27.05% and a MoM increase of 2.7%.

Investment to Deposit Ratio (IDR) moved up by 642 bps to 88.01% compared to October 2022 and increased by 205 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,322.78 218.45M	-0.03% -47.93
ALLSHR	107,545.62 611.68M	-0.16% -170.58
KSE30	52,748.13 109.41M	-0.15% -79.11
KMI30	250,923.14 114.37M	-0.26% -656.80
KMIALLSHR	69,357.47 341.55M	-0.25% -170.67
BKTi	50,191.95 23.34M	-0.24% -121.95
OGTi	36,022.65 8.50M	-1.33% -487.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,415.00	80,590.00 78,525.00	895.00 1.14%
BRENT CRUDE	88.30	88.66 86.22	0.46 0.52%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.85 0.78%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.60 0.48%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	82.44	82.62 80.65	0.21 0.26%
SUGAR #11 WORLD	17.86	17.90 17.55	0.27 1.54%