Banks’ deposits surge 22% to Rs31.1tr in June

MG News | July 19, 2024 at 01:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 19, 2024 (MLN): The total deposits held by scheduled banks have surged by 22.0% YoY to Rs31.12 trillion in June 2024 compared to Rs25.51tr in June 2023.

According to data released by the SBP, Banks' deposits have moved higher by 6.0% MoM, compared to Rs29.35tr in May 2024.

Total advances increased by 1.9% to Rs12.43tr compared to Rs12.2tr from a year ago. On a monthly basis, advances increased by 2.2% from their value of Rs12.17tr in May 2024.

Advances to Deposit Ratio (ADR) stood at 39.96% showing a decrease of 788 bps on a yearly basis and a decrease of 151 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs30.17tr compared to Rs20.9tr from a year ago and Rs28.92tr from a month ago, showing a YoY increase of 44.4% and a MoM increase of 4.3%.

Investment to Deposit Ratio (IDR) moved up by 1,503 bps to 96.95% compared to June 2023 and decreased by 160 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,124.61 100.70M	0.00% 1.04
ALLSHR	107,819.58 242.02M	-0.09% -100.95
KSE30	53,266.65 31.84M	0.19% 103.05
KMI30	251,335.55 50.54M	0.24% 589.42
KMIALLSHR	69,181.98 152.09M	-0.12% -85.41
BKTi	50,541.73 8.62M	0.02% 11.33
OGTi	35,235.75 2.56M	-0.36% -127.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,940.00	64,350.00 62,910.00	-1445.00 -2.24%
BRENT CRUDE	84.11	85.50 83.93	-0.12 -0.14%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.15 -0.14%
ROTTERDAM COAL MONTHLY	118.60	118.60 118.60	-0.95 -0.79%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	78.34	79.58 78.13	-0.61 -0.77%
SUGAR #11 WORLD	14.41	14.86 14.37	-0.44 -2.96%