Commercial Banks’ deposits reach all time high at Rs 16.8 trillion in Sept’20

News Image

By MG News | October 15, 2020 at 12:26 AM GMT+05:00

0:00

October 14, 2020 (MLN): The total deposits held by commercial banks reached all time high at Rs 16.8 trillion by the end of September 2020, depicting a growth of 20% YoY and 3% MoM despite low interest rates.

The growth in commercial banks’ deposits can be ascribed to increasing remittances and limited cash related business activity amid pandemic which fueled banking sector’s deposits.

According to the data released by State Bank of Pakistan (SBP), the demand for fresh disbursements remained muted despite lower interest rates as total advances by commercial banks by the end of September 2020 increased marginally both on MoM and YoY basis to Rs.8.09 trillion. Consequently, advances to deposits ratio (ADR) dropped to 48% in Sep’20 from 49% in the previous month and 57% in Sep’19.

On the other hand, total investment of commercial banks grew by 20% YoY and 2% MoM, touched over a decade high of Rs 11 trillion.

As a result of this, banks' investment to deposit ratio (IDR) dropped to 66% in Sep’20 from 67% in the preceding month, while compared to the same month last year, it did not depict any change.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,106.33
14.65M
0.58%
762.30
ALLSHR 81,608.07
39.03M
0.72%
584.08
KSE30 40,163.12
9.60M
0.64%
254.86
KMI30 190,849.86
10.94M
0.69%
1314.85
KMIALLSHR 55,168.47
24.43M
0.70%
384.81
BKTi 35,206.55
0.82M
0.76%
265.82
OGTi 28,568.69
2.60M
0.96%
272.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,300.00 110,105.00
109,200.00
-985.00
-0.89%
BRENT CRUDE 68.65 69.00
68.41
-0.46
-0.67%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.03 67.50
66.78
-0.42
-0.62%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 03, 2025 at 09:32 AM GMT+05:00

Asian markets mixed as U.S.-Vietnam tariff deal unfolds


July 03, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 02, 2025 at 11:05 PM GMT+05:00

Cement sales flat in FY25


July 02, 2025 at 10:50 PM GMT+05:00

SBP reserves cross $14bn mark in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg