The State Bank of Pakistan continued its liquidity injections last week, pumping a cumulative Rs779.15bn into the banking system through two open market operations.

The first injection of Rs720.9bn was made through a four-day contract on May 4, at a rate of return of 7.51pc. Then another Rs58.25bn was injected on Thursday at a rate of return of 7.52pc in a one-day contract.

According to the statement of position of all scheduled banks for the week ending April 24, cash and balances with treasury banks of all scheduled banks rose 4.02pc to Rs711.044bn, against the earlier week’s figure of Rs683.58bn.

Cash and balances with treasury banks of all commercial banks stood at Rs709.204bn in the week, against the preceding week’s figure of Rs681.646bn, showing a rise of 4.04pc. Cash and balances with treasury banks of all specialised banks stood at Rs1.84bn in the week, against the preceding week’s figure of Rs1.934bn.

Initially, Rs720.9bn was injected on May 4, followed by a further Rs58.25bn on May 7

Investments of all scheduled banks stood at Rs5879.487bn in the week under review, against the preceding week’s figure of Rs5823.172bn, depicting an increase of 0.96pc.

Investments of all commercial banks stood at Rs5852.176bn in the week, against the preceding week’s figure of Rs5796.335bn, up 0.5pc. Investments of all specialised banks stood at Rs27.31bn in the week, against the earlier week’s figure of Rs26.836bn.

Gross advances by scheduled banks stood at Rs4443.6bn in the week ending April 24, up 0.2pc over the preceding week’s figure of Rs4435.2bn. Advances by commercial banks rose 0.18pc to Rs4295.794bn in the week, against the previous week’s level of Rs4287.989bn. Advances by specialised banks stood at Rs147.81bn in the week, against the previous week’s figure of Rs147.218bn.

Total assets of all scheduled banks stood at Rs12135.56bn in the week under review, higher by 0.87pc over the preceding week’s figure of Rs12030.051bn. Total assets of all commercial banks stood at Rs11947.244bn in the week, up 0.87pc over the previous week’s figure of Rs11843.855bn. Total assets of all specialised banks stood at Rs188.315bn in the week, against the previous week’s Rs186.2bn.

Deposits and other accounts of all scheduled banks rose 0.9pc to Rs8603.064bn in the week under review, against the preceding week’s figure of Rs8526.3bn.

Deposits and other accounts of all commercial banks went up 0.88pc to Rs8578.771bn in the week, against the earlier week’s level of Rs8503.81bn. Deposits and other accounts of all specialised banks stood at Rs24.29bn in the week, against the previous week’s figure of Rs22.49bn.

Net assets of all scheduled banks stood at Rs1305.852bn in the week ending April 24, against the previous week’s figure of Rs1296.496bn, showing an increase of 0.72pc. Net assets of all commercial banks stood at Rs1196bn in the week, higher by 0.85pc over the preceding week’s figure of Rs1185.873bn.

Published in Dawn, Economic & Business, May 11th , 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play