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Published 12 Feb, 2018 06:57am

Money Market: Bank deposits rise 0.66pc

According to the weekly statement of position of all scheduled banks for the week ended Jan 26, 2018 deposits and other accounts of all scheduled banks stood at Rs12,002.239 billion after a 0.66 per cent increase over the preceding week’s figure of Rs11,923.348bn. Compared with last year’s corresponding figure of Rs10,703.995bn, the current week’s figure was higher by 12.13pc.

Deposits and other accounts of all commercial banks stood at Rs11,908.055bn against preceding week’s deposits of Rs11,837.518bn, showing an increase of 0.60pc. Deposits and other accounts of specialised banks stood at Rs94.185bn, higher by 9.73pc against previous week’s figure of Rs85.830bn.

Total assets of all scheduled banks stood at Rs16,478.380 bn, lower by 0.03pc over preceding week’s figure of Rs16,483.353bn. Current week’s figure is higher by 12.08pc compared to last year.

Total assets were lower by 0.03pc; borrowings declined by 3.75pc

Total assets of all commercial banks stood at Rs16,194.742bn, lower by 0.08pc over previous week’s figure of Rs16,207.978bn, while total assets of specialised banks at Rs283.637bn were higher 3.00pc over the previous week’s Rs.275.375bn.

Gross advances of all scheduled banks stood at Rs6,556.145bn, higher by 0.88pc over the preceding week’s figure of Rs6,498.758bn. Compared with last year’s corresponding figure of Rs5,467.780bn, current week’s figure is higher by 19.90pc.

Advances by all commercial banks increased to Rs6,384.318bn from previous week’s Rs6,327.037bn indicating a rise of 0.90pc, whereas advances of specialised banks stood at Rs171.827bn against previous week’s Rs171.720bn.Borrowings by all scheduled banks decreased in the week under review. They fell by 3.75pc against previous week.

Borrowings by commercial banks in the week at Rs2,180.643bn were lower by 3.88pc against previous week’s Rs2,268.798bn. Borrowings by specialised banks stood at Rs88.765bn against the previous week’s figure of Rs89.012bn.

Investments of all scheduled banks stood at Rs7,637.035bn against preceding week’s figure of Rs7,670.889bn, lower by 0.44pc. Compared to last year’s corresponding figure of Rs7,373.846bn, current week’s figure is higher by 3.57pc.

Investments by all commercial banks stood at Rs7,562.018bn, lower by 0.56pc against preceding week’s figure of Rs7,604.440bn, whereas investment by all specialised banks stood at Rs.75.017bn against preceding week’s figure of Rs66.449bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs.1,000.532bn against previous week’s Rs980.827bn.

Cash and balances of all commercial banks stood at Rs995.444bn, higher by 2.03pc over previous week’s Rs975.656bn.

Cash and balances of all specialised banks were lower by 1.60pc at Rs5.089bn against the preceding week’s Rs5.171bn.

Notes in circulation decreased to Rs4,189.513bn from Rs4,244.682bn in the preceding week, showing a fall of 1.30pc. Current week’s figure was higher by 15.15pc compared to last year’s corresponding figure of Rs3,638.304 bn.

Approved foreign exchange decreased to Rs562.687bn from preceding week’s figure of Rs780.633bn, showing a fall of 27.92pc. Current week’s figure was lower by 34.11pc compared to last year’s corresponding figure of Rs854.048bn.

Published in Dawn, The Business and Finance Weekly, February 12th, 2018

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