Commercial Banks' deposits grow by 12% YoY in March

MG News | April 05, 2020 at 05:02 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 5, 2020 (MLN): In the month of March 2020, the total deposits held by commercial banks has increased to Rs 15.13 trillion against Rs 13.45 trillion in the same month of last year, depicting a growth of 12% YoY.

On a sequential basis, deposits showed a mere growth of 2% as in February 2020 it stood at Rs 14.8 trillion, revealed the latest data issued by State Bank of Pakistan (SBP).

Meanwhile, total advances of commercial banks during the month also showed a meagre growth of 5% YoY to Rs 8.26 trillion compared to Rs 7.9 trillion recorded in the same month of 2019. While on a monthly basis, advances jumped marginally from Rs 8.2 trillion which decreased advances to deposit ratio by 1 ppts from 55.4% in February 2020 to 54.6% in March 2020. Whereas, on a yearly basis, this ratio decreased by 4ppt, as in March 2019 it was 58.6%.

On the other hand, total investment by commercial banks during the month displayed a jump of 62%YoY and 7%MoM to Rs 9.29 trillion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,340.00	77,640.00 77,215.00	-90.00 -0.12%
BRENT CRUDE	104.32	109.97 103.50	-3.31 -3.08%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	104.46 98.48	-2.49 -2.43%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%