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Today's Paper | May 07, 2024

Updated 08 Dec, 2014 07:37am

Bank borrowings up

WITH the banking system reportedly facing liquidity shortages, the central bank injected funds into the system on December 1, the third time it did so in less than a three-week period.

In the latest open market operation, the SBP injected Rs88.65bn into the system through a four-day contract, at a rate of return of 9.4pc. It accepted 12 of the 14 bids it was offered. The offered bids asked for a return of 9.25-9.4pc.

According to a weekly statement of position of all scheduled banks for the week ending November 21, borrowings by all scheduled banks rose 10pc to Rs1015.938bn, over the preceding week’s figure of Rs923.476bn.

Borrowings by all commercial banks rose 10.9pc to Rs939.02bn in the week, against the previous week’s figure of Rs846.77bn. Borrowings by specialised banks stood at Rs76.918bn in the week, against the preceding week’s figure of Rs76.705bn.

Cash and balances with treasury banks of all scheduled banks went up 1.3pc during the week under review to Rs694.946bn, against the earlier week’s Rs686.025bn.

Cash and balances with treasury banks of all commercial banks stood at Rs691.544bn in the week, against the preceding week’s figure of Rs682.294bn, a rise of 1.36pc. Cash and balances with treasury banks of all specialised banks stood at Rs3.402bn in the week, against the preceding week’s figure of Rs3.731bn.

Investments of all scheduled banks stood at Rs4720.044bn in the week ending December 1, against the preceding week’s figure of Rs4615.296bn, up 2.27pc.

Investments of all commercial banks stood at Rs4682.344bn in the week, against the preceding week’s figure of Rs4577.361bn, depicting a rise of 2.3pc. Investments of all specialised banks stood at Rs37.7bn in the week, against the preceding week’s figure of Rs37.935bn.

Gross advances by scheduled banks stood at Rs4356.226bn in the week under review, down 0.05pc over the preceding week’s figure of Rs4358.307bn. Advances by commercial banks fell by 0.06pc to Rs4220.14bn in the week, against the earlier week’s figure of Rs4222.528bn. Advances by specialised banks stood at Rs136.086bn in the week.

Total assets of all scheduled banks stood at Rs10753.033bn in the week ending December 1, up 0.72pc over the preceding week’s figure of Rs10676.563bn. Total assets of all commercial banks stood at Rs10569.011bn in the week, higher by 0.73pc over the previous week’s figure of Rs10492.449bn. Total assets of all specialised banks stood at Rs184.022bn in the week, against the previous week’s Rs184.114bn.

Deposits and other accounts of all scheduled banks declined 0.60pc to Rs8023.001bn in the week under review, against the preceding week’s figure of Rs8072.06bn.

Deposits and other accounts of all commercial banks fell by 0.6pc to Rs7994.934bn, against the preceding week’s Rs8043.330bn. Deposits and other accounts of all specialised banks stood at Rs28.068bn in the week, against the previous week’s figure of Rs28.73bn.

Other liabilities of all scheduled banks stood at Rs412.776bn in the week ending December 1, against the preceding week’s figure of Rs408.291bn. Other liabilities of all commercial banks increased 1.27pc to Rs360.02bn in the week, against the previous week’s figure of Rs355.487bn.

Net assets of all scheduled banks stood at Rs1092.764bn in the week under review, against the preceding week’s figure of Rs1077.129bn, up 1.45pc. Net assets of all commercial banks stood at Rs1070.618bn in the week, up 1.45pc over the preceding week’s level of Rs1055.317bn. Net assets of all specialized banks stood at Rs22.146bn in the week, against the previous week’s level of Rs21.812bn.

Published in Dawn, Economic & Business, December 8th , 2014

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