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.
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