Banks’ deposits surge by 17% YoY in July: SBP

Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin

August 19, 2022 (MLN): The total deposits held by scheduled banks have shown a growth of around 17.3% YoY to around Rs21.1 trillion in July 2022, against Rs18.8tr in the same month of last year on account of strong overseas inflows, data issued by State Bank showed today.

Likewise, on a monthly basis, local banks’ deposits showed a decline of 3% from Rs22.8tr in June 2022.

According to the data provided by SBP, investments jumped to Rs17.6tr in July 2022, showing a growth of 24.9% on a yearly basis. The higher growth in investments can be attributed to higher borrowings by the sector. On a sequential basis, the total investments by commercial banks grew marginally by 1.1% from Rs17.4tr in the previous month.

Consequently, banks' investment to deposit ratio (IDR) has now surged by 482bps to 79.7% by end of July 2022 compared to 74.9% in the same month last year, whereas on a monthly basis, it has moved up by 330bps from 76.4%.

Similarly, demand for advances posted positive growth of 22.3% YoY during the month under review to Rs10.8tr. While, on a monthly basis, it remained flat.

Meanwhile, the advances to deposits ratio (ADR) inclined by 200 bps to 49.1% in July’22 compared to 47% in the same month last year.

While on a sequential basis, ADR jumped by 140 bps from its previous month’s level of 47.7%.

Copyright Mettis Link News

Posted on:2022-08-19T16:40:03+05:00


$2.88 billion

Pakistan's merchandise trade deficit for the month of November

Loading poll …