THE central bank, by rejecting bids that demanded higher yields during the Treasury bill auction last Wednesday, was able to raise Rs99.8bn from the auction, against its target of Rs150bn.

The cut-off yields stayed virtually unchanged from the previous auction. Of the total, three-month T-bills fetched Rs48.506bn at a cut-off yield of 6.9308pc, followed by six-month T-bills with Rs35.165bn at 6.9513pc and 12-month T-bills with Rs16.129bn at 6.971pc.

The central bank had received bids to the tune of Rs139.529bn. Of this, three-month T-bills had attracted the highest amount of Rs66.063bn, followed by six-month T-bills with R52.897bn and 12-month T-bills with Rs20.569bn.

According to the weekly statement of position of all scheduled banks for the week ending June 26, cash and balances with treasury banks of all scheduled banks rose 12.04pc to Rs784.202bn, against the earlier week’s figure of Rs699.943bn.

Cash and balances with treasury banks of all commercial banks stood at Rs781.198bn in the week, against the preceding week’s figure of Rs697.836bn, showing a rise of 11.95pc. Cash and balances with treasury banks of all specialised banks stood at Rs3bn in the week, against the preceding week’s figure of Rs2.107bn.

Investments of all scheduled banks stood at Rs5,812.496bn in the week under review, against the preceding week’s figure of Rs5,709.8bn, up 1.8pc.

Three-month Treasury bills fetched the highest amount of Rs48.506bn from the latest auction

Investments of all commercial banks stood at Rs5,786bn in the week, against the previous week’s figure of Rs5,683.918bn, also up 1.8pc. Investments of all specialised banks stood at Rs26.495bn in the week, against the preceding week’s figure of Rs25.882bn.

Gross advances by scheduled banks stood at Rs4,576.806bn in the week ending June 26, showing an increase of 0.78pc over the preceding week’s figure of Rs4,541.393bn.

Advances by commercial banks rose 0.8pc to Rs4,423.951bn in the week, against the previous week’s figure of Rs4,389.390bn. Advances by specialised banks stood at 152.855bn in the week, against the previous week’s Rs152bn.

Total assets of all scheduled banks stood at Rs12,402.583bn in the week under review, higher by 1.91pc over the preceding week’s figure of Rs12,170.078bn.

Total assets of all commercial banks stood at Rs12,209.178bn in the week, up 1.94pc over the previous week’s figure of Rs11,977.28bn. Total assets of all specialised banks stood at Rs193.405bn in the week, against the previous week’s figure of Rs192.795bn.

Borrowings by all scheduled banks declined 0.41pc to Rs1,262.884bn in the week ending June 26, over the previous week’s figure of Rs1,268.105bn. Borrowings by all commercial banks fell 0.31pc to Rs1,234.554bn in the week, against the previous week’s Rs1,238.381bn. Borrowings by specialised banks stood at Rs28.329bn, against the preceding week’s figure of Rs29.724bn.

Deposits and other accounts of all scheduled banks rose 5pc to Rs9,141.126bn in the week under review, over the preceding week’s figure of Rs8,706.933bn.

Deposits and other accounts of all commercial banks increased 4.97pc to Rs9,110.784bn in the week, against the preceding week’s level of Rs8,679.808bn. Deposits and other accounts of all specialised banks stood at Rs30.342bn, against the previous week’s figure of Rs27.125bn.

Published in Dawn, Economic & Business ,July 13th, 2015

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