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	166,409.25 235.53M	-0.47% -784.19
ALLSHR	100,707.78 824.63M	-0.45% -457.17
KSE30	49,026.65 68.91M	-0.60% -294.03
KMI30	237,971.74 66.09M	-0.41% -986.42
KMIALLSHR	65,023.98 327.90M	-0.48% -312.08
BKTi	45,944.24 13.97M	-0.74% -340.31
OGTi	33,648.58 5.44M	-0.37% -124.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,850.00	79,875.00 76,260.00	-4235.00 -5.22%
BRENT CRUDE	113.31	114.29 111.03	2.51 2.27%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.10 -0.85%
ROTTERDAM COAL MONTHLY	145.70	0.00 0.00	0.85 0.59%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	104.00	104.99 102.43	2.00 1.96%
SUGAR #11 WORLD	19.37	19.58 19.21	-0.10 -0.51%