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Aug
22

Bank deposits rise

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Last week, the State Bank of Pakistan pumped a cumulative Rs886.30bn into the banking system in two separate open market operations.

On Wednesday, the central bank injected Rs81.05bn at 5.77pc and was for a seven day contract.

On Thursday, the central bank injected Rs805.25bn into the financial institutions. The injection was made for an 11 day contract at 5.88pc. The SBP had received bids worth Rs1.321tn.

According to the weekly statement of position of all scheduled banks for the week ended June 17, 2016, deposits and other accounts of all scheduled banks increased and stood at Rs9,778.39bn, over preceding week’s figure of Rs9,745.04bn, a rise of 0.34pc. Compared with last year’s corresponding figure of Rs8,706.93bn, the current week’s figure is higher by 12.30pc.

Deposits and other accounts of all commercial banks stood at Rs9,738.98bn against preceding week’s deposits of Rs9,705.88bn, showing a rise of 0.34pc. Deposits and other accounts of specialised banks stood at Rs39.41bn, against previous week’s figure of Rs39.16bn.

Total assets of all scheduled banks stood at Rs14,100.73bn, higher by 0.38pc over preceding week’s figure of Rs14,047.88bn. Current week’s figure was higher by 15.86pc compared to last year’s corresponding figure of Rs12,170.08bn.

Total assets of all commercial banks stood at 13,891.94bn, larger by 0.38pc over previous week’s figure of Rs13,839.49bn.

Total assets of specialised banks stood at Rs208.79bn over previous week’s Rs208.40bn.

Gross advances of all scheduled banks stood at Rs5,065.13bn, a rise of 0.08pc over preceding week’s figure of Rs5,060.96bn. Compared with last year’s corresponding figure of Rs4,541.39bn, current week’s figure is higher by 11.53pc.

Advances by all commercial banks increased to Rs4,903.32bn against previous week’s Rs4,899.60bn or by 0.07pc. Advances of specialised banks stood at 161.81bn against previous week’s Rs161.37bn.

Investments of all scheduled banks stood at Rs7,336.11bn, against preceding week’s figure of Rs7,234.98bn, a rise of 1.40pc. Compared to last year’s corresponding figure of Rs5,709.80bn, current week’s figure is higher by 28.48pc.

Investments by all commercial banks stood at Rs7,304.12bn, against preceding week’s figure of Rs7,203.76bn, a rise of 1.40pc. Compared to last year’s corresponding figure of Rs5,683.92bn, current week’s figure is higher by 28.50pc.

Investment by all specialised banks stood at Rs31.99bn, against preceding week’s figure of Rs31.22bn.

Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs800.99bn against previous week’s Rs830.75bn, showing a decline of 3.58pc. Current week’s figure was higher by14.43pc compared to last year’s corresponding figure of Rs699.94bn.

Cash and balances of all commercial banks stood at Rs798.93bn, lower by 3.50pc over previous week’s Rs827.89bn.

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