AT a four-day reverse repo operation, the State Bank of Pakistan reportedly injected liquidity into a tight money market by buying back Rs8.30 billion of the Treasury Bills on August 25.
According to the weekly statement of position of all scheduled banks for the week ended August 13, 2005, deposits and other accounts of all scheduled banks stood at Rs2,378.71 billion, lower by Rs45.42 billion compared to Rs2,424.13 billion recorded in the week ended July 30, 2005, where commercial banks deposits fell by Rs45.25 billion to Rs2,365.32 billion and specialized banks’ deposits declined by Rs0.17 billion to Rs13.39 billion.
Borrowings amounted to Rs304.15 billion, an increase of Rs18.5 billion over the figures of Rs285.6 billion recorded two weeks earlier, where commercial banks borrowings were Rs222.9 billion and the balance was accounted for by specialized banks. Over the comparable period, commercial banks’ borrowing were higher by Rs16.5 billion and that of specialized banks rose by Rs1.96 billion.
Gross advances stood at Rs1,782.30 billion, which after provisions of Rs131.6 billion amounted to Rs1,650.65 billion. Advances, net of provision, of all commercial banks were to the tune of Rs1,585.28 billion, while for specialized banks it was Rs65.37 billion. Compared to the week ended July 30, 2005, advances, net pf provision, were lower by Rs5.20 billion, with commercial banks’ accounting for a decline of Rs4.7 billion. Specialized banks advances were also lower by Rs0.51 billion.
Scheduled banks investments amounted to Rs728.77 billion, with investments by commercial banks making up for Rs718.18 billion and of specialized banks Rs10.59 billion. Investment by all banks was lower by Rs43.4 billion during the week in review, of which commercial banks account for a decline of Rs43.3 billion and specialized banks for a decline of Rs0.15 billion respectively.
Cash and balances with treasury banks stood at Rs210.73 billion for all scheduled banks, with commercial banks accounting for the bulk – Rs209.28 billion and specialized banks Rs1.45 billion. The cash and balances with treasury banks, in the week were lower by Rs10.8 billion, mainly on account of decline recorded by commercial banks.
Total assets stood at Rs3,195.92 billion, where commercial banks assets were Rs3,084.75 billion and specialized banks Rs111.17 billion. These were lower by Rs10.8 billion in the current week on account of a decline in commercial bank’s assets. Specialized bank’s assets, however, recorded a rise of Rs93 million.
AT a four-day reverse repo operation, the State Bank of Pakistan reportedly injected liquidity into a tight money market by buying back Rs8.30 billion of the Treasury Bills on August 25.
