Banks’ deposits increase by 21.66% YoY to Rs27.89tr in February

MG News | March 06, 2024 at 02:59 PM GMT+05:00

0:00

March 06, 2024 (MLN): The total deposits held by scheduled banks have moved up by 21.66% YoY to Rs27.89 trillion in February 2024 compared to Rs22.92tr in February 2023.

According to data released by the SBP, Banks' deposits have edged higher by 1.26% MoM, compared to Rs27.54tr in January 2024.

Total advances increased by 2.9% to Rs12.06tr compared to Rs11.72tr from a year ago. On a monthly basis, advances decreased by 0.27% from their value of Rs12.09tr in January 2024.

Advances to Deposit Ratio (ADR) stood at 43.26% showing a decrease of 789 bps on a yearly basis, while showing a decrease of 66 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs25.45tr compared to Rs18.99tr from a year ago and Rs25.6tr from a month ago, showing a YoY increase of 33.99% and a MoM decrease of 0.6%.

Investment to Deposit Ratio (IDR) moved up by 840 bps to 91.26% compared to February 2023 and decreased by 171 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	139,207.29 190.96M	0.37% 514.62
ALLSHR	86,176.93 633.30M	0.45% 382.41
KSE30	42,602.85 57.43M	0.44% 187.98
KMI30	196,319.50 101.82M	0.67% 1305.65
KMIALLSHR	56,861.96 298.63M	0.47% 267.27
BKTi	38,060.31 12.30M	0.37% 140.31
OGTi	27,803.49 5.74M	0.12% 34.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,295.00	119,880.00 115,675.00	-1815.00 -1.51%
BRENT CRUDE	68.39	69.86 68.31	-0.79 -1.14%
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	65.07	66.74 65.00	-0.96 -1.45%
SUGAR #11 WORLD	16.28	16.64 16.23	-0.29 -1.75%