Last week, the Central Bank pumped a cumulative Rs180.0bn into the banking system in two separate open market operations.
On Sept 19, the State Bank injected Rs40.0bn at 5.81pc and was for a four day contract. The central bank had received bids worth Rs92.50bn. Total amount offered at 5.81pc was Rs39,500 mio, out of which SBP accepted Rs14,000 mio on pro rata basis.
On Sept 22, the SBP pumped Rs140.0bn into the financial institutions. The injection was made for a one day contract at 5.81pc. The SBP had received bids worth Rs173.0bn.
According to the weekly statement of position of all scheduled banks for the week ended Sept 9, deposits and other accounts of all scheduled banks stood at Rs10,144.515bn after a 0.77pc fall over the preceding week’s figure of Rs10,223.484bn. Compared with last year’s corresponding figure of Rs8,979.848bn, the current week’s figure was higher by 12.97pc.
Deposits and other accounts of all commercial banks stood at Rs10,085.135bn against preceding week’s deposits of Rs10,166.124bn, showing a decrease of 0.80pc. Deposits and other accounts of specialised banks stood at Rs59.380bn, up 3.52pc against previous week’s figure of Rs57.359bn.
Total assets of all scheduled banks stood at Rs13,961.623bn, higher by 0.80pc over preceding week’s figure of Rs13,850.555bn. Current week’s figure is higher by 9.74pc compared to last year’s corresponding figure of Rs12,721.817bn.
Total assets of all commercial banks stood at Rs13,731.988bn, higher by 0.80pc over previous week’s figure of Rs13,623.136bn, while total assets of specialised banks at Rs229.636bn, were higher 0.97pc over the previous week’s Rs227.419bn.
Gross advances of all scheduled banks stood at Rs5,049.869bn, higher by 0.12pc over the preceding week’s figure of 5,043.685bn. Compared with last year’s corresponding figure of Rs4,532.227bn, current week’s figure is higher by 11.42pc.
Advances by all commercial banks rose to Rs4,885.727bn from previous week’s Rs4,879.829bn indicating a rise of 0.12pc, whereas advances of specialised banks stood at Rs164.142bn against previous week’s 163.856bn.
Borrowings by all scheduled banks increased in the week under review. It rose by 10.86pc to Rs1,804.179bn against previous week’s Rs1,627.331bn. Compared to last year’s corresponding figure of Rs1,792.745bn, current week’s figure is higher by 0.64pc.
Borrowings by commercial banks in the week at Rs1,726.223bn were larger by 11.40pc against previous week’s Rs1,549.620bn. Borrowings by specialised banks stood at Rs77.956bn against the previous week’s Rs77.711bn.
Investments of all scheduled banks stood at Rs7,133.408bn against preceding week’s figure of Rs7,121.568bn, showing a rise of 0.17pc. Compared to last year’s corresponding figure of Rs6,456.469bn, current week’s figure is higher by 10.48pc.
Investments by all commercial banks stood at Rs7,088.238bn, higher by 0.14pc against preceding week’s figure of Rs7,078.105bn, whereas investment by all specialised banks stood at Rs45.171bn against preceding week’s figure of Rs43.463bn.
Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs867.550bn against previous week’s Rs794.839bn, showing a rise of 9.15pc. Current week’s figure increased by 26.48pc compared to last year’s corresponding figure of Rs685.933bn.
Cash and balances of all commercial banks stood at Rs865.129bn, higher by 9.12pc over previous week’s Rs792.851bn. Cash and balances of all specialised banks were larger by 21.73pc at Rs2.420bn against the preceding week’s Rs1.988bn.
Published in Dawn, Business & Finance weekly, September 26th, 2016
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