Commercial Banks' deposits grow by 12% YoY in March

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

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	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,100.00	109,565.00 107,195.00	615.00 0.57%
BRENT CRUDE	66.58	67.20 65.92	-0.22 -0.33%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.95	65.82 64.50	-0.57 -0.87%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%