Deposits held by commercial banks upsurge 10% YoY in April’20

MG News | May 17, 2020 at 03:04 PM GMT+05:00

0:00

May 17, 2020 (MLN): In the month of April 2020, the total deposits held by commercial banks has increased to Rs 14.47 trillion against Rs 13.14 trillion in the same month of last year, depicting a growth of 10% YoY.

On a sequential basis, deposits showed a negative growth of 4% as in March 2020 it stood at Rs 15.12 trillion, revealed the latest data issued by State Bank of Pakistan (SBP).

Meanwhile, total advances of commercial banks during the month showed a meagre growth of 5% YoY to Rs 8.21 trillion compared to Rs 7.86 trillion recorded in the same month of 2019. While on a monthly basis, advances declined marginally from Rs 8.26 trillion which increased advances to deposit ratio by more than 2 ppts from 54.6% in March 2020 to 57% in April 2020. Whereas, on a yearly basis, this ratio decreased by 3ppt, as in April 2019 it was 60%.

On the other hand, total investment by commercial banks during the month displayed a jump of 57%YoY and 5%MoM to Rs 9.79 trillion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,969.19 121.69M	-0.51% -833.97
ALLSHR	98,330.69 368.36M	-0.53% -521.72
KSE30	49,177.77 52.20M	-0.65% -319.57
KMI30	232,646.01 35.56M	-0.80% -1873.01
KMIALLSHR	64,146.12 149.59M	-0.56% -364.03
BKTi	45,265.60 18.25M	-0.95% -434.14
OGTi	31,184.07 2.05M	-1.02% -322.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,695.00	107,770.00 104,550.00	-2375.00 -2.22%
BRENT CRUDE	64.69	64.80 64.61	-0.20 -0.31%
RICHARDS BAY COAL MONTHLY	86.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.80	98.00 95.70	0.10 0.10%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.86	61.03 60.78	-0.19 -0.31%
SUGAR #11 WORLD	14.68	14.73 14.36	0.25 1.73%