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Published 11 Dec, 2017 06:55am

Money Market: Bank deposits increase by 0.26pc

According to the weekly statement of position of all scheduled banks for the week ended November 24 deposits and other accounts of all scheduled banks stood at Rs11,759.157 billion after a 0.26 per cent increase over the preceding week’s figure of Rs11,728.993bn. Compared with last year’s corresponding figure of Rs10,471.739bn, the current week’s figure was higher by 12.30pc.

Deposits and other accounts of all commercial banks stood at Rs11,668.518bn against preceding week’s deposits of Rs11,639.118bn, showing a rise of 0. 25pc. Deposits and other accounts of specialized banks stood at Rs90.639bn, higher by 0.85pc against previous week’s figure of Rs89.875bn.

Total assets of all scheduled banks stood at Rs17,012.621bn, higher by 1.62pc over preceding week’s figure of Rs16,741.981bn. Current week’s figure is higher by 20.73pc compared to last year’s corresponding figure of Rs14,091.270bn.

Investments went up by 0.57pc;Total assets of all scheduled banks rose by 1.62pc

Total assets of all commercial banks stood at Rs16,719.581bn, higher by 1.61pc over previous week’s figure of Rs16,454.528bn, while total assets of specialized banks at Rs293.04bn were higher 1.94pc over the previous week’s Rs.287.454bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 8.20pc to Rs3,061.659bn against previous week’s Rs2,829.940bn. Compared to last year’s corresponding figure of Rs1,575.280bn, current week’s figure is higher by 94.36pc.

Borrowings by commercial banks in the week at Rs2,955.651bn were higher by 8.33pc against previous week’s Rs2,728.315bn. Borrowings by Specialized banks stood at Rs106.008bn against the previous week’s figure of Rs101.625bn.

Investments of all scheduled banks stood at Rs8,463.105bn against preceding week’s figure of Rs8,415.083bn, higher by 0.57pc. Compared to last year’s corresponding figure of Rs7,053.150bn, current week’s figure is higher by 20.00pc.

Investments by all commercial banks stood at Rs8,368.699bn, higher by 0.52pc against preceding week’s figure of Rs8,324.955bn, whereas investment by all specialized banks stood at Rs.94.406bn against preceding week’s figure of Rs90.128bn.

Published in Dawn, The Business and Finance Weekly, December 11th, 2017

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