Bank borrowing rises

Bank borrowing rises

Bank borrowing rises The government raised Rs215.328bn from the auction of Pakistan Investment Bonds of various tenors held last Wednesday, despite having received bids of Rs338.157bn.

It generated Rs100.731bn from three year bonds at a cut off yield of 6.20pc, Rs64.197bn from five year bonds at 6.702pc and Rs50.399bn from ten year PIBs at 7.801pc.

Three year PIBs attracted the highest amount of Rs181.015bn, followed by five year PIB Rs78.832bn and 10 year PIB Rs78.309bn. No bids were received for 20 year bonds.


Investments of all scheduled banks showed a rise of 0.01pc. Compared to last year’s corresponding figure, the current week’s figure is higher by 16.74pc


According to the weekly statement of position of all scheduled banks for the week ended Aug 12, deposits and other accounts of all scheduled banks stood at Rs10,144.141bn after a 0.16pc fall over the preceding week’s figure of Rs10,160.663bn. Compared with last year’s corresponding figure of Rs8,935.750bn, the current week’s figure was higher by 13.52pc.

Deposits and other accounts of all commercial banks stood at Rs10,087.729bn against preceding week’s deposits of Rs10,103.877bn, showing a decline of 0.16pc. Deposits and other accounts of specialised banks stood at Rs56.412bn, up 0.66pc against previous week’s figure of Rs56.786bn.

Total assets of all scheduled banks stood at Rs13,795.089bn, higher by 0.05pc over preceding week’s figure of Rs13,788.880bn. Current week’s figure is higher by 8.63pc compared to last year’s corresponding figure of Rs12,698.739bn.

Total assets of all commercial banks stood at Rs13,570.315bn, larger by 0.05pc over previous week’s figure of Rs13,564.039bn, while total assets of specialised banks at Rs224.774bn, were lower 0.03pc over the previous week’sRs224.841bn.

Gross advances of all scheduled banks stood at Rs5,064.781bn, higher by 0.18pc over the preceding week’s figure of 5,074.317bn. Compared with last year’s corresponding figure of Rs4,547.294bn, current week’s figure is higher by 11.38pc.

Advances by all commercial banks fell to Rs4,901.528bn from previous week’s Rs4,911.217bn indicating a fall of 0.20pc, whereas advances of specialised banks stood at Rs163.253bn against previous week’s 163.100bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 0.98pc to Rs1,655.194bn against previous week’s Rs1,639.166bn. Compared to last year’s corresponding figure of Rs1,789.494bn, current week’s figure is lower by 7.50pc.

Borrowings by commercial banks in the week at Rs1,578.713bn were higher by 1.02pc against previous week’s Rs1,562.713bn. Borrowings by specialised banks stood at Rs76.614bn against the previous week’s Rs76.453bn.

Investments of all scheduled banks stood at Rs7,059.379bn against preceding week’s figure of Rs7,058.727bn, showing a rise of 0.01pc. Compared to last year’s corresponding figure of Rs6,321.426bn, current week’s figure is higher by 16.74pc.

Investments by all commercial banks stood at Rs7,017.939bn, higher by 0.01pc against preceding week’s figure of Rs7,017.559bn, whereas investment by all specialised banks stood at Rs41.440bn against preceding week’s figure of Rs41.168bn.

Source: http://www.dawn.com/news/1280531/bank-borrowing-rises

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