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Money Market: Bank borrowings rise

According to the weekly statement of position of all scheduled banks for the week ended Nov 25, deposits and other accounts of all scheduled banks stood at Rs10471.74bn after a 0.41pc increase over the preceding week’s figure of Rs10428.84bn. Compared with last year’s corresponding figure of Rs9162.46bn, the current week’s figure was higher by 14.28pc.

Deposits and other accounts of all commercial banks stood at Rs10405.64bn against preceding week’s deposits of Rs10363.57bn, showing a rise of 0.40pc. Deposits and other accounts of specialised banks stood at Rs66.09bn, higher by 1.28pc against previous week’s figure of Rs65.27bn.

Total assets of all scheduled banks stood at Rs14091.27bn, higher by 0.85pc over preceding week’s figure of Rs13972.82bn. Current week’s figure is higher by7.90pc compared to last year’s corresponding figure of Rs13058.61bn.
Borrowings by all scheduled banks increased in the week under review. It rose by 3.17pc to Rs1,575.28bn against previous week’s Rs1,526.88bn. Compared to last year’s corresponding figure of Rs1,898.92bn, current week’s figure is lower by 17.04pc

Total assets of all commercial banks stood at Rs13855.73bn, larger by 0.86pc over previous week’s figure of Rs13737.41bn, while total assets of specialised banks at Rs235.54bn, were higher 0.05pc over the previous week’sRs235.42bn.

Gross advances of all scheduled banks stood at Rs5250.51bn, higher by 0.58pc over the preceding week’s figure of 5220.16bn. Compared with last year’s corresponding figure of Rs4683.40bn, current week’s figure is higher by 12.10pc.

Advances by all commercial banks increased to Rs5085.98bn from previous week’s Rs5055.62bn indicating a rise of 0.60pc, whereas advances of specialised banks stood at Rs164.53bn against previous week’s Rs164.54bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 3.17pc to Rs1575.28bn against previous week’s Rs1526.88bn. Compared to last year’s corresponding figure of Rs1898.92bn, current week’s figure is lower by 17.04pc.

Borrowings by commercial banks in the week at Rs1497.33bn were higher by 3.38pc against previous week’s Rs1448.28bn. Borrowings by specialised banks stood at Rs77.95bn against the previous week’s Rs78.60bn.

Investments of all scheduled banks stood at Rs7053.15bn against preceding week’s figure of Rs6965.52bn, showing an increase of 1.26pc. Compared to last year’s corresponding figure of Rs6626.02bn, current week’s figure is higher by 6.45pc.
Chart by Rehan Ahmed

Investments by all commercial banks stood at Rs7002.58bn, higher by 1.28pc against preceding week’s figure of Rs6913.66bn, whereas investment by all specialised banks stood at Rs50.57bn against preceding week’s figure of Rs51.87bn.

Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs.811.84bn against previous week’s Rs845.38bn, showing a fall of 3.97pc. Current week’s figure increased by 8.88pc compared to last year’s corresponding figure of Rs745.62bn.

Cash and balances of all commercial banks stood at Rs809.46bn, lower by 3.92pc over previous week’s Rs842.46bn. Cash and balances of all specialised banks were lower by 4.86pc at Rs2.78bn against the preceding week’s Rs2.92bn.

Notes in circulation stood at Rs3632.52bn during the week ended Nov 25, according to the statement of Affairs of the State Bank of Pakistan, against Rs3663.93bn a week earlier, showing a decline of 0.86pc.

Compared to last year’s corresponding figure of Rs3034.02bn, current week’s figure is higher by 19.73pc.

Approved foreign exchange at Rs862.89bn, was higher by 0.25pc over last week’s Rs860.76bn. Compared to last year’s corresponding figure of Rs934.86bn, current week’s figure is smaller by 7.70pc.

courtesy : dawn news

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