Bank deposits fall by 0.86pc

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According to the weekly statement of position of all scheduled banks for the week ended April 20, 2018 deposits and other accounts of all scheduled banks stood at Rs12,186.973 billion after a 0.86 per cent decrease over the preceding week’s figure of Rs12,292.919bn. Compared with last year’s corresponding figure of Rs11,013.880bn, the current week’s figure was higher by 10.65pc.

Deposits and other accounts of all commercial banks stood at Rs12,116.703bn against preceding week’s deposits of Rs12,221.717bn, showing a decline of 0.86pc. Deposits and other accounts of specialised banks stood at Rs70.269bn, lower by 1.31pc against previous week’s figure of Rs71.202bn.

Total assets of all scheduled banks stood at Rs16,651.907bn, lower by 0.66pc over preceding week’s figure of Rs16,761.867bn. Current week’s figure is higher by 7.97pc compared to last year’s corresponding figure of Rs15,422.337bn.

Total assets of all commercial banks stood at Rs16,399.354bn, lower by 0.66pc over previous week’s figure of Rs16,508.163bn, while total assets of specialised banks at Rs252.553bn were lower 0.45pc over the previous week’s Rs.253.705bn.

Assets decline 0.66pc; borrowings down by 0.75pc

Gross advances of all scheduled banks stood at Rs6,800.984bn, higher by 0.15pc over the preceding week’s figure of Rs6,790.543bn. Compared with last year’s corresponding figure of Rs5,698.574bn, current week’s figure is higher by 19.34pc.

Advances by all commercial banks increased to Rs6,627.254bn from previous week’s Rs6,616.861bn indicating a rise of 0.75pc, whereas advances of specialised banks stood at Rs173.730bn against previous week’s Rs173.682 bn.

Borrowings by all scheduled banks decreased in the week under review. It fell by 0.75pc to Rs2,196.389bn against previous week’s Rs2,213.067bn. Compared to last year’s corresponding figure of Rs2,229.433bn, current week’s figure is lower by 1.48pc.

Borrowings by commercial banks in the week at Rs2,105.524bn were lower by 0.80pc against previous week’s Rs2,122.569bn. Borrowings by specialised banks stood at Rs90.865bn against the previous week’s figure of Rs90.498bn.

Investments of all scheduled banks stood at Rs7,542.345bn against preceding week’s figure of Rs7,611.588bn, lower by 0.90pc. Compared to last year’s corresponding figure of Rs7,749.343bn, current week’s figure is lower by 2.67pc.

Investments by all commercial banks stood at Rs7,485.548bn, lower by 0.92pc against preceding week’s figure of Rs7,554.926bn, whereas investment by all specialised banks stood at Rs.56.797bn against preceding week’s figure of Rs56.663bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs.1,019.663bn against previous week’s Rs988.015bn, showing a rise of 3.20pc. Current week’s figure increased by 9.33pc compared to last year’s corresponding figure of Rs932.602bn.

Cash and balances of all commercial banks stood at Rs1,016.346bn, higher by 3.25pc over previous week’s Rs984.288bn. Cash and balances of all specialised banks were smaller by 10.97pc at Rs3.317bn against the preceding week’s Rs3.726bn.

Approved foreign exchange at Rs378.647bn, was lower by 19.92pc over last week’s Rs472.853bn. Compared to last year’s corresponding figure of Rs845.382bn, current week’s figure is smaller by 55.20pc.

Published in Dawn, The Business and Finance Weekly, May 7th, 2018

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