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Money Market: Bank deposits increase

LAST Thursday, the State Bank of Pakistan, injected Rs199.95bn into the banking system through an Open Market Operation, against an offered amount of Rs231bn. The amount was accepted at 5.85pc and was for a one day contract.

According to the weekly statement of position of all scheduled banks for the week ended November 18, deposits and other accounts of all scheduled banks stood at Rs10428.84bn after a 0.26pc increase over the preceding week’s figure of Rs10401.84bn. Compared with last year’s corresponding figure of Rs9066.77bn, the current week’s figure was higher by 15.02pc.

Deposits and other accounts of all commercial banks stood at Rs10363.57bn against preceding week’s deposits of Rs10337.74bn, showing a rise of 0.25pc. Deposits and other accounts of specialised banks stood at Rs65.27bn, higher by 1.81pc against previous week’s figure of Rs64.11bn.
Deposits and other accounts of all commercial banks stood at Rs10363.57bn against preceding week’s deposits of Rs10337.74bn, showing a rise of 0.25pc

Total assets of all scheduled banks stood at Rs13972.82bn, lower by 1.20pc over preceding week’s figure of Rs14142.59bn. Current week’s figure is higher by 7.40pc compared to last year’s corresponding figure of Rs13010.85bn.

Total assets of all commercial banks stood at Rs13737.41bn, smaller by 1.23pc over previous week’s figure of Rs13908.58bn, while total assets of specialised banks at Rs235.42bn, were higher 0.60pc over the previous week’s Rs234.01bn.

Gross advances of all scheduled banks stood at Rs5220.16bn, higher by 0.33pc over the preceding week’s figure of 5203.18bn. Compared with last year’s corresponding figure of Rs4648.34bn, current week’s figure is higher by 12.30pc.

Advances by all commercial banks increased to Rs5055.62bn from previous week’s Rs5038.66bn indicating a rise of 0.34pc, whereas advances of specialised banks stood at Rs164.54bn against previous week’s Rs164.526bn.

Borrowings by all scheduled banks decreased in the week under review. It fell by 11.15pc to Rs1526.88bn against previous week’s Rs1718.54bn. Compared to last year’s corresponding figure of Rs1934.44bn, current week’s figure is lower by 21.07pc.

Borrowings by commercial banks in the week at Rs1448.28bn were lower by 11.70pc against previous week’s Rs1640.06bn. Borrowings by specialised banks stood at Rs78.60bn against the previous week’s Rs78.48bn.

Investments of all scheduled banks stood at Rs6965.53bn against preceding week’s figure of Rs7184.68bn, showing a decline of 3.05pc. Compared to last year’s corresponding figure of Rs6651.91bn, current week’s figure is higher by 4.71pc.

Investments by all commercial banks stood at Rs6913.66bn, lower by 3.11pc against preceding week’s figure of Rs7135.90bn, whereas investment by all specialised banks stood at Rs51.87bn against preceding week’s figure of Rs48.77bn.
Chart by Rehan Ahmed

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs.845.36bn against previous week’s Rs804.91bn, showing a rise of 5.03pc. Current week’s figure increased by 16.85pc compared to last year’s corresponding figure of Rs723.46bn.

Cash and balances of all commercial banks stood at Rs842.46bn, higher by 5pc over previous week’s Rs802.39bn. Cash and balances of all specialised banks were higher by 15.90pc at Rs2.92bn against the preceding week’s Rs2.52bn.

courtesy: dawn news

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