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Money Market: Bank deposits rise

Updated Mar 20, 2017 08:05am

THE government raised Rs278.42bn from the auction of MTBs of various tenors held last Thursday, smaller against the received bids of Rs373bn. It was also lower against the auction target of Rs350bn. The cut off yields remained unchanged.

Of the total raised amount, six month T-bills fetched the highest Rs139.60bn at a cut off yield of 5.98pc, followed by three month T-bill Rs138.81bn at 5.94pc. Bids received for 12 month bills were rejected.

Three month T-bill attracted the highest amount of Rs190.75bn: six month T-bill Rs163.38bn, and 12 month T-bill Rs18.86bn.


Borrowings by all scheduled banks increased by 2.84pc. Compared to last year’s corresponding figure, the current week’s figure is higher by 1.78pc


According to the weekly statement of position for the week ended March 03, deposits and other accounts of all scheduled banks stood at Rs10,797.73bn after a 0.63pc increase over the preceding week’s figure of Rs10,730.19bn. Compared with last year’s corresponding figure of Rs9,412.62bn, the current week’s figure was higher by 14.72pc.

Deposits and other accounts of all commercial banks stood at Rs10,726.66bn against preceding week’s deposits of Rs10,659.14bn, showing a rise of 0.63pc. Deposits and other accounts of specialised banks stood at Rs71.07bn, higher by 0.03pc against previous week’s figure of Rs71.05bn.

Total assets of all scheduled banks stood at Rs14,941.67bn, higher by 0.78pc over preceding week’s figure of Rs14,825.96bn. Current week’s figure is higher by10.72pc compared to last year’s corresponding figure of Rs13,495.42bn.

Total assets of all commercial banks stood at Rs14,690.74bn, larger by 0.78pc over previous week’s figure of Rs14,577.13bn, while total assets of specialised banks at Rs250.19bn, were higher 0.55pc over the previous week’sRs248.82bn.

Gross advances of all scheduled banks stood at Rs5,502.81bn, larger by 0.47pc over the preceding week’s figure of Rs5,476.85bn. Compared with last year’s corresponding figure of Rs4,835.19bn, current week’s figure is higher by 13.80pc.

Advances by all commercial banks increased to Rs5,336.67bn from previous week’s Rs5,310.92bn indicating a rise of 0.48pc, whereas advances of specialised banks stood at Rs166.14bn against previous week’s Rs165.93bn.

Borrowings by all scheduled banks increased in the week under review by 2.84pc to Rs2,025.84bn against previous week’s Rs1,969.85bn. Compared to last year’s corresponding figure of Rs1,990.44bn, the current week’s figure is higher by 1.78pc.

Chart by Rehan Ahmed
Chart by Rehan Ahmed

Borrowings by commercial banks in the week at Rs1,943.54bn were higher by 2.93pc against previous week’s Rs1,888.21bn. Borrowings by specialised banks stood at Rs82.29bn against the previous week’s Rs81.64bn.

Investments of all scheduled banks stood at Rs7,525.19bn against preceding week’s figure of Rs7,467.21bn, showing an increase of 0.78pc. Compared to last year’s corresponding figure of Rs7,039.33bn, current week’s figure is higher by 6.90pc.

Investments by all commercial banks stood at Rs7,473.08bn, higher by 0.78pc against preceding week’s figure of Rs7,414.90bn, whereas investment by all specialised banks stood at Rs52.11bn against preceding week’s figure of Rs52.30bn.

Approved foreign exchange at Rs996.45bn, was lower by 0.33pc over last week’s Rs999.76bn. Compared to last year’s corresponding figure of Rs923.44bn, current week’s figure is higher by 7.90pc.

Published in Dawn, Business & Finance weekly, March 20th, 2017