Commercial Banks: Deposits reach all time high in Aug’20
MG News | September 10, 2020 at 04:12 PM GMT+05:00
September 10, 2020 (MLN): In the month of August 2020, the total deposits held by commercial banks stood all time high at Rs 16.32 trillion, depicting a growth of 17% YoY and 1.3% MoM.
According to the latest SBP data, the demand for fresh disbursements remained muted despite lower interest rates as total advances by commercial banks during the month under review declined by 1% MoM, while on yearly basis it depicted a marginal increase to Rs.8 trillion. Consequently, advances to deposits ratio (ADR) dropped to 49% in Aug’20 from 57% in Aug’19 and 50% in July’20.
On the other hand, total investment of commercial banks grew by 36% YoY and 1% MoM, reaching to an all-time high of Rs 10.8 trillion.
As a result of this, banks' investment to deposit ratio (IDR) surged to 67% in Aug’20 from 57% in Aug’19. However, compared to previous month, the sector’s IDR remained unchanged.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,476.02 586.85M | 4.44% 7032.60 |
| ALLSHR | 100,326.78 1,176.99M | 3.98% 3840.78 |
| KSE30 | 51,034.76 269.10M | 4.71% 2294.50 |
| KMI30 | 243,038.50 165.37M | 5.62% 12928.05 |
| KMIALLSHR | 66,437.48 585.10M | 4.38% 2789.44 |
| BKTi | 46,623.32 123.78M | 4.64% 2065.31 |
| OGTi | 32,472.12 22.09M | 5.08% 1568.73 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 111,600.00 | 116,385.00 110,500.00 | -4780.00 -4.11% |
| BRENT CRUDE | 61.91 | 63.63 61.50 | -1.41 -2.23% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 80.50 80.50 | -1.00 -1.23% |
| ROTTERDAM COAL MONTHLY | 89.30 | 0.00 0.00 | 0.20 0.22% |
| USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.09 | 59.82 57.68 | -1.40 -2.35% |
| SUGAR #11 WORLD | 15.56 | 15.60 15.36 | -0.05 -0.32% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|