Bank borrowing falls

bank-borrowing-falls

Bank borrowing falls During the month of October (up to Oct 20) the State Bank of Pakistan injected a massive Rs2.181tn into the banking system in three separate open market operations.

Earlier in the month it had mopped up Rs95.45bn from the banking system in two separate OMOs.

On Oct 20, the SBP injected Rs40.0bn against an offered amount of Rs57.0bn. The amount was accepted at 5.80pc and was for a one day tenor.

According to the weekly statement of position of all scheduled banks for the week ended Oct 7, deposits and other accounts of all scheduled banks stood at Rs10,288.442bn after a 2.11pc decline over the preceding week’s figure of Rs10,510.703bn. Compared with last year’s corresponding figure of Rs9,015.082bn, the current week’s figure was higher by 14.12pc.

Deposits and other accounts of all commercial banks stood at Rs10,229.851bn against preceding week’s deposits of Rs10,451.863bn, showing a decrease of 2.12pc. Deposits and other accounts of specialised banks stood at Rs58.591bn, lower by 0.42pc against previous week’s figure of Rs58.839bn.


Investments of all scheduled banks showed a decline. Compared to last year’s corresponding figure, the current week’s figure is higher by 12.77pc


Total assets of all scheduled banks stood at Rs14,179.736bn, lower by 1.63pc over preceding week’s figure of Rs14,415.369bn. Current week’s figure is higher by10.26pc compared to last year’s corresponding figure of Rs12,860.780bn.

Total assets of all commercial banks stood at Rs13,949.464bn, lower by 1.66pc over previous week’s figure of Rs14,184.581bn, while total assets of specialised banks at Rs230.272bn, were smaller 0.22pc over the previous week’sRs230.789bn.

Gross advances of all scheduled banks stood at Rs5,096.939bn, lower by 0.45pc over the preceding week’s figure of 5,120.011bn. Compared with last year’s corresponding figure of Rs4,563.369bn, current week’s figure is higher by 11.70pc.

Advances by all commercial banks decreased to Rs4,932.468bn from previous week’s Rs4,955.601bn indicating a fall of 0.47pc, whereas advances of specialised banks stood at Rs164.471bn against previous week’s 164.410bn.

Borrowings by all scheduled banks decreased in the week under review. It fell by 2.25pc to Rs1,882.417bn against previous week’s Rs1,925.813bn. Compared to last year’s corresponding figure of Rs1,893.093bn, current week’s figure is lower by 0.56pc.

Borrowings by commercial banks in the week at Rs1,804.431bn were lower by 2.36pc against previous week’s Rs1,847.957bn.

Borrowings by specialised banks stood at Rs77.986bn against the previous week’s Rs77.855bn.

Investments of all scheduled banks stood at Rs7,353.430bn against preceding week’s figure of Rs7,373.881bn, showing a decline of 0.28pc. Compared to last year’s corresponding figure of Rs6,520.589bn, current week’s figure is higher by 12.77pc.

Investments by all commercial banks stood at Rs7,308.298bn, lower by 0.27pc against preceding week’s figure of Rs7,328.271bn, whereas investment by all specialised banks stood at Rs45.131bn against preceding week’s figure of Rs45.610bn.

Source: http://www.dawn.com/news/1291812/bank-borrowing-falls

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