The situation would have been worse had the SBP not injected huge liquidity into the system. Withdrawals during Ramadan were substantial, which had resulted in a shortage of liquidity with the banks.
According to the weekly statement of position of all scheduled banks for the week ended September 27, 2008, deposits and other accounts of the scheduled banks stood at Rs3,781.524 billion, higher by Rs2.601 billion over preceding week’s figure of Rs3,778.923 billion. Compared with last year’s corresponding figure of Rs3,464.687 billion, the current week’s figure is higher by Rs316.837 billion. During the current week commercial banks deposits showed a rise of Rs2.626 billion over the week to Rs3,769.680 billion, against preceding week’s Rs3,767.054 billion. Specialised banks deposits stood at Rs11.844 billion, against preceding week’s Rs11.869 billion, a fall of Rs0.025 billion.
Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs434.061 billion over preceding week’s figure of Rs444.616 billion, a decline of Rs10.555 billion. Compared to last year’s corresponding figure of Rs394.459 billion, current week’s figure is larger by Rs39.602 billion. Current week’s fall was due to an decrease in the borrowings by commercial banks, which fell to Rs352.714 billion against previous week’s Rs363.293 billion, or by Rs10.579 billion. Borrowings by specialised banks stood at Rs81.347 billion, against preceding week’s figure of Rs81.323 billion, higher by Rs0.024 billion.
Gross advances stood at Rs3,027.122 billion in the week under review, a rise of Rs45.176 billion over preceding week’s figure of Rs2,981.946 billion. Compared to last year’s corresponding figure of Rs2,450.713 billion, current week’s figure is larger by Rs576.409 billion. In the week under review, advances by commercial banks increased to Rs2,927.198 billion against earlier week’s figure of Rs2,882.151 billion, or by Rs45.047 billion. Advances of specialised banks stood at Rs99.924 billion, larger by Rs0.129 billion over earlier week’s figure of Rs99.795 billion.
Investments of all scheduled banks decreased in the week by Rs85.547 billion to Rs930.875 billion against preceding week’s figure of Rs1,016.422 billion. Compared to last year’s corresponding figure of Rs1,245.411 billion, current week’s figure is smaller by Rs314.536 billion. In the current week, commercial banks investment fell to Rs918.369 billion, from earlier week’s Rs1,003.905 billion, or by Rs85.536 billion. Specialised banks investment stood at Rs12.506 billion, against preceding week’s Rs12.517 billion, smaller by Rs0.011 billion.
Cash and balances with treasury banks of all scheduled banks increased by Rs14.49 billion during the week to stand at Rs466.893 billion against earlier week’s Rs452.403 billion. Current week’s figure was higher by Rs110.129 billion compared to last year’s corresponding figure of Rs356.764 billion. In the current week, the figure for commercial banks stood at Rs463.763 billion against preceding week’s figure of Rs449.338 billion, a rise of Rs14.425 billion, while of specialised banks it stood at Rs3.129 billion over previous week’s Rs3.064 billion.
Total assets of scheduled banks stood at Rs5,108.316 billion, larger by Rs1.116 billion, over preceding week’s figure of Rs5,107.200 billion. Current week’s figure was higher by Rs446.803 billion compared to last year’s corresponding figure of Rs4,660.397 billion. Meanwhile, commercial banks assets, in the current week, stood at Rs4,986.632 billion, larger by Rs1.202 billion over previous week’s figure of Rs4,985.430 billion. Specialised banks assets fell to Rs121.684 billion, or by Rs0.086 billion over previous week’s Rs121.770 billion.