Bank advances rise

Published February 13, 2012

Total assets of scheduled banks stood at Rs7590.5bn, lower by Rs4.6bn, over preceding week’s figure of Rs7595.1bn. Current week’s figure was higher by Rs907.4bn compared to last year’s corresponding figure of Rs6683.1bn. - File photo

Deposits and other accounts of all scheduled banks increased in the current week and stood at Rs5683.5bn, higher by Rs1.4bn over preceding week’s figure of Rs5682.1bn.

Compared with last year’s corresponding figure of Rs5046.9bn, the current week’s figure is larger by Rs636.6bn.

During the current week, commercial banks deposits showeda rise of Rs1.6bn over the week to Rs5670.5bn, against preceding week’s Rs5668.9bn, according to the weekly statement of position of all scheduled banks for the week ending February 3.

Specialised banks deposits stood at Rs13.1bn.

Borrowings by all scheduled banks decreased in the week. It fell to Rs664.3bn over preceding week’s figure of Rs669.2bn, or by Rs4.9bn. Compared to last year’s corresponding figure of Rs518.5bn, current week’s figure is higher by Rs145.8bn. Commercial banks borrowings decreased to Rs588.1bn against previous week’s Rs593.1bn, or by Rs5.0bn. Borrowings by specialised banks stood at Rs76.2bn.

Gross advances stood at Rs3505.2bn in the week under review, an increase of Rs12.6bn over preceding week’s figure of Rs3492.6bn. Compared to last year’s corresponding figure of Rs3485.0bn, current week’s figure is higher by Rs20.2bn. In the week under review, advances by commercial banks  rose to Rs3390.6bn against earlier week’s figure of Rs3378.2bn, or by Rs12.4bn. Advances of specialised banks stood at Rs114.6bn.

Investments of all scheduled banks stood at Rs3031.1bn, against preceding week’s figure of Rs3046.7bn, a decline of Rs15.6bn. Compared to last year’s corresponding figure of Rs2100.0bn, current week’s figure is larger by Rs931.1bn. In the current week, commercial banks investment stood at Rs3013bn, against preceding week’s figure of Rs3028.4bn, a fall of Rs15.4bn. Specialised banks investment stood at Rs18.1bn.

Cash and balances with treasury banks of all scheduled banks decreased by Rs6.6bn during the week to stand at Rs462.7bn against earlier week’s Rs469.3bn. Current week’s figure is higher by Rs45.0bn compared to last year’s corresponding figure of Rs417.7bn. In the current week, the figure for commercial banks stood at Rs458.6bn against preceding week’s figure of Rs465.2bn, a fall of Rs6.6bn, while of specialised banks it stood at Rs4.1bn.

Balances with other banks increased to Rs158.3bn against Rs146.4bn in the previous week, or by Rs11.9bn. It was higher by Rs23.8bn against Rs134.5bn in the corresponding week last year. Balances of all commercial banks stood at Rs144.1bn, a rise of Rs7.4bn over preceding week’s figure of Rs136.7bn.

Balances of specialised banks stood at Rs9.6bn.

Total assets of scheduled banks stood at Rs7590.5bn, lower by Rs4.6bn, over preceding week’s figure of Rs7595.1bn. Current week’s figure was higher by Rs907.4bn compared to last year’s corresponding figure of Rs6683.1bn.

In the current week, commercial banks assets stood at Rs7444.3bn, lower by Rs4.6bn over previous week’s figure of Rs7448.9bn, while of specialised banks it stood at Rs146.1bn.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...