Banks' deposits increase by 18% YoY to Rs26.8tr in November

MG News | December 11, 2023 at 05:52 PM GMT+05:00

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December 11, 2023 (MLN): The total deposits held by scheduled banks have moved up by 17.88% YoY to Rs26.79 trillion in November 2023 compared to Rs22.73tr in November 2022.

According to data released by the SBP, bank deposits have edged higher by 1.52% MoM, compared to Rs26.39tr in October 2023.

Total advances increased by 7.86 % to Rs11.96tr compared to Rs11.09tr from a year ago. On a monthly basis, advances increased by 0.56 % from their value of Rs11.89tr in October 2023.

Advances to Deposit Ratio (ADR) stood at 44.64% showing a decrease of 43 bps on a monthly basis and a decrease of 415 bps on a yearly basis.

Total Investments of Scheduled Banks stood at Rs24.58tr compared to Rs23.23tr from a month ago and Rs18.48tr from a year ago, showing a MoM increase of 5.83% and a Y.o.Y increase of 33.03%.

Investment to Deposit Ratio (IDR) moved up by 374 bps to 91.75% compared to October 2023 and increased by 1044 bps when compared to a year ago.

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