Money Market: Bank borrowing falls

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Money Market: Bank borrowing falls The government raised Rs77.57bn from the auction of Market Treasury Bills of various tenors held last Thursday, missing its target of Rs100.0bn and also falling short of the received amount of Rs121.60bn.

Of the total, six month T bill fetched Rs31.46bn at a cut off yield of 5.91pc, followed by 12 month T bill with Rs31.16bn at 5.92pc, and three month T bill Rs14.94bn at 5.86pc.

The central bank had received total bids worth Rs121.60bn: 6 month T bill Rs43.70bn, followed by 3 month T bill Rs42.96bn and 12 month T bill Rs34.94bn.


Total assets of all scheduled banks stood lower than the preceding weeks’. The current week’s figure is higher compared to last year’s corresponding figure


The Central Bank pumped in a massive Rs1.06tn into the banking system on Sept 09, in an open market operation. The injection was made in seven day contract at 5.79pc. The central bank had received bids worth Rs1.142tn. Total amount offered at 5.79pc was Rs312.5bn, out of which the SBP accepted Rs230.0bn mio on pro rata basis.

According to the weekly statement of position of all scheduled banks for the week ended Sept 02, 2016, deposits and other accounts of all scheduled banks stood at Rs10,223.48bn after a 0.57pc rise over the preceding week’s figure of Rs10,165.79bn. Compared with last year’s corresponding figure of Rs9,029.60bn, the current week’s figure was higher by 13.22pc.

Deposits and other accounts of all commercial banks stood at Rs10,166.12bn against preceding week’s deposits of Rs10,109.37bn, showing an increase of 0.56pc. Deposits and other accounts of specialised banks stood at Rs57.36bn, up 1.71pc against previous week’s figure of Rs56.43bn.

Total assets of all scheduled banks stood at Rs13,850.56bn, lower by 0.30pc over preceding week’s figure of Rs138,91.38bn. Current week’s figure is higher by 9.20pc compared to last year’s corresponding figure of Rs12,682.66bn.

Total assets of all commercial banks stood at Rs13,623.14bn, lower by 0.31pc over previous week’s figure of Rs13,666.16bn, while total assets of specialised banks at Rs227.42bn, were higher 0.97pc over the previous week’s Rs225.23bn.

Chart by Rehan Ahmed
Chart by Rehan Ahmed

Gross advances of all scheduled banks stood at Rs5,043.69bn, higher by 0.06pc over the preceding week’s figure of 5,040.71bn. Compared with last year’s corresponding figure of Rs4,533.07bn, current week’s figure is higher by 11.26pc.

Advances by all commercial banks rose to Rs4,879.83bn from previous week’s Rs4,877.07bn indicating a rise of 0.06pc, whereas advances of specialised banks stood at Rs163.86bn against previous week’s Rs163.63bn.

Source: http://www.dawn.com/news/1284624/money-market-bank-borrowing-falls

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