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

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

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	179,034.93 513.44M	1.52% 2679.44
ALLSHR	107,392.74 1,107.91M	1.22% 1297.66
KSE30	55,017.41 279.74M	1.86% 1007.08
KMI30	254,699.07 209.00M	1.60% 4013.10
KMIALLSHR	69,477.96 622.48M	1.19% 818.48
BKTi	50,802.42 123.06M	2.40% 1189.90
OGTi	36,086.91 28.98M	2.36% 830.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,445.00	93,570.00 91,595.00	3255.00 3.61%
BRENT CRUDE	61.07	61.24 60.00	0.32 0.53%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.57	57.73 56.56	0.25 0.44%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%