Commercial Banks: Deposits reach all time high in Aug’20

News Image

MG News | September 10, 2020 at 04:12 PM GMT+05:00

0:00

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 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,860.00 119,740.00
116,460.00
-435.00
-0.37%
BRENT CRUDE 73.52 73.63
71.75
1.01
1.39%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.37 70.51
68.45
1.16
1.68%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

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