sbp

On October 5, the State Bank conducted auction of Treasury Bills of various maturities. It raised Rs177bn through the auction.

From 12 month T-bills it raised Rs109bn, where the cut off yield was reduced to 12.83 from 13.31 per cent. An amount of Rs64bn was raised for 6-month T-bills at a cut off yield of 12.77 per cent, and the central bank raised Rs4bn for 3-month T-bills at 12.74 per cent, a cut off 32 basis points. T-bill rate have seen a significant reduction.

According to the weekly statement of position of all scheduled banks for the week ended September 30, 2011, deposits and other accounts of the scheduled banks increased in the current week and stood at Rs5418.4bn, higher by Rs24.8bn over preceding week’s figure of Rs5393.6bn. Compared with last year’s corresponding figure of Rs4716.8bn, the current week’s figure is larger by Rs701.6bn.

During the current week, commercial banks deposits showed a rise of Rs24.5bn over the week to Rs5403.8bn, against preceding week’s Rs5379.3bn.

Specialised banks deposits stood at Rs14.6bn.

Borrowings by all scheduled banks increased in the week. It rose to Rs756.3bn over preceding week’s figure of Rs695.5bn, or by Rs60.8bn. Compared to last year’s corresponding figure of Rs518.8bn, current week’s figure is higher by Rs237.5bn. Commercial banks borrowings rose to Rs681.7bn against previous week’s Rs621.0bn, or by Rs60.7bn. Borrowings by specialised banks stood at Rs74.7bn.

Gross advances stood at Rs3415.1bn in the week under review, a rise of Rs10.1bn over preceding week’s figure of Rs3405.0bn. Compared to last year’s corresponding figure of Rs3287.8bn, current week’s figure is larger by Rs127.3bn. In the week under review, advances by commercial banks increased to Rs3300.5bn against earlier week’s figure of Rs3290.2bn, or by Rs10.3bn. Advances of specialised banks stood at Rs114.6bn.

Investments of all scheduled banks stood at Rs2764 bn, against preceding week’s figure of Rs2748.5bn, an increase of Rs15.5bn. Compared to last year’s corresponding figure of Rs1808 bn, current week’s figure is larger by Rs956bn. In the current week, commercial banks investment stood at Rs2743.7bn, against preceding week’s figure of Rs2729.1bn, a rise of Rs14.6bn. Specialised banks investment stood at Rs20.2bn.

Cash and balances with treasury banks of all scheduled banks increased by Rs42.7bn during the week to stand at Rs502.0bn against earlier week’s Rs459.3bn. Current week’s figure is higher by Rs77.2bn compared to last year’s corresponding figure of Rs424.8bn. In the current week, the figure for commercial banks stood at Rs499.3bn against preceding week’s figure of Rs456.7bn, a rise of Rs42.6bn, while of specialised banks it stood at Rs2.7bn.

Balances with other banks fell to Rs126.3bn against Rs126.5bn in the previous week, or by Rs0.2bn. It was also lower by Rs19.0bn against Rs145.3bn in the corresponding week last year. Balances of all commercial banks stood at Rs119.4bn, a slight fall of Rs0.2bn over preceding week’s figure of Rs119.6bn. Balances of specialised banks stood at Rs6.8bn.

Net assets stood at Rs757.6bn against previous week’s Rs757.2bn, showing a rise of Rs0.4bn. Compared to last year’s corresponding figure of Rs651.9bn, the current week’s figure is higher by Rs105.7bn. During the weekunder review, commercial banks net assets showed a rise of Rs0.6bn to Rs749.7bn against preceding week’s Rs749.1bn.