Money Market: Bank deposits rise

Money Market Bank deposits rise

Money Market: Bank deposits rise

THE government raised Rs362.22bn from the auction of Pakistan Market Treasury Bills of various tenors held last Wednesday.

Of the total, six month T-bills fetched the highest amount, Rs175.81bn at a cut off yield of 5.90pc, followed by 12-month T-bills with Rs103.80bn at 5.91pc and 3-month T-bills Rs82.62bn at 5.86pc.

Six month T-bills had attracted the highest amount Rs307.26bn, followed by 3-month T-bills Rs220.26bn, and 12-month T-bill Rs162.79bn.


Investments of all scheduled showed a fall of 9.87pc against the preceding week


According to the weekly statement of position of all scheduled banks for the week ended July 22, 2016, deposits and other accounts of all scheduled banks stood at Rs10,193.37bn after a 0.36pc rise over the preceding week’s figure of Rs10,156.16bn. Compared with last year’s corresponding figure of Rs9,028.37bn, the current week’s figure was higher by 12.90pc.

Deposits and other accounts of all commercial banks stood at Rs10,137.82bn against preceding week’s deposits of Rs10,103.72bn, showing a rise of 0.33pc. Deposits and other accounts of specialised banks stood at Rs55.55bn, up 5.95pc against previous week’s figure of Rs52.43bn.

Total assets of all scheduled banks stood at Rs13,929.29bn, smaller by 6.20pc over preceding week’s figure of Rs14850.919bn. Current week’s figure is higher by 11.83pccompared to last year’s corresponding figure of Rs12455.318bn.

Total assets of all commercial banks stood at Rs13704.015bn, smaller by 6.31pc over previous week’s figure of Rs14,627.64bn, while total assets of specialised banks at Rs225.28bn, were up 0.89pc over the previous week’sRs223.28bn.

Gross advances of all scheduled banks stood at Rs5,113.44bn, smaller by 0.89pc over the preceding week’s figure of 5,159.84bn. Compared with last year’s corresponding figure of Rs4,581.77bn, current week’s figure is higher by 11.60pc.

Advances by all commercial banks fell to Rs4,949.89bn from previous week’s Rs4,996.25bn indicating a shortfall of 0.92pc.

Borrowings by all scheduled banks decreased in the week under review. It fell by 36.19pc to Rs1,714.91bn against previous week’s Rs2,687.82bn. Compared to last year’s corresponding figure of Rs1,459.18bn, current week’s figure is higher by 17.52pc.

Borrowings by commercial banks in the week at Rs1,637.97bn were smaller by 37.23pc against previous week’s Rs2,609.78bn.

Investments of all scheduled banks stood at Rs7,080.52bn against preceding week’s figure of Rs7,855.95bn, showing a fall of 9.87pc. Compared to last year’s corresponding figure of Rs6,077.53bn, current week’s figure is higher by 16.50pc.

Investments by all commercial banks stood at Rs7,039.00bn, smaller by 9.93pc against preceding week’s figure of Rs7,815.49bn, whereas investment by all specialised banks stood at Rs41.52bn against preceding week’s figure of Rs40.46bn.

Cash and balances with treasury banks of all scheduled banks declined over the week and stood at Rs813.10bn against previous week’s Rs826.74bn, showing a fall of 1.64pc. Current week’s figure increased by 12.18pc compared to last year’s corresponding figure of Rs724.82bn.

Cash and balances of all commercial banks stood at Rs810.28bn, lower by 1.60pc over previous week’s Rs823.51bn. Cash and balances of all specialised banks were smaller by 12.47pc at Rs2.83bn against the preceding week’s Rs3.23bn.

Source: http://www.dawn.com/news/1276085/money-market-bank-deposits-rise

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