ON September 14, the State Bank conducted auction of Pakistan Investment Bonds. It received bids worth Rs37.984 bn for PIBs of various tenors and accepted bids worth Rs26.119 bn.
For 3-year PIBs the SBP accepted on amount of Rs6.6 bn at a cut off yield of 13.1230 per cent, for 5-year PIBs It accepted Rs6.675 bn at 13.1412 per cent, and for 10 year PIBs it accepted Rs12.844 bn at 13.0192 per cent.
According to the weekly statement of position of all scheduled banks for the week ended August 30, deposits and other accounts of the scheduled banks decreased in the current week and stood at Rs5364.7bn, lower by Rs14.1bn over preceding week’s figure of Rs5378.8bn.
Compared with last year’s corresponding figure of Rs4605.2bn, the current week’s figure is larger by Rs759.5bn.
During the current week, commercial banks deposits showed a fall of Rs34.1bn over the week to Rs5350.4bn, against preceding week’s Rs5364.5bn. Specialised banks deposits stood at Rs14.3bn.
Borrowings by all scheduled banks decreased in the week. It rose to Rs632.4bn over preceding week’s figure of Rs654.2bn, or by Rs21.8bn. Compared to last year’s corresponding figure of Rs528.6bn, current week’s figure is higher by Rs103.8bn.
Commercial banks borrowings fell to Rs557.8bn against previous week’s Rs579.6bn, or by Rs21.8bn.
Borrowings by specialised banks stood at Rs74.6bn.
Gross advances stood at Rs3411.8bn in the week under review, a fall of Rs4.7bn over preceding week’s figure of Rs3416.5bn.
Compared to last year’s corresponding figure of Rs3313.7bn, current week’s figure is larger by Rs98.1bn.
In the week under review, advances by commercial banks decreased to Rs3297.2bn against earlier week’s figure of Rs3302.5bn, or by Rs5.3bn. Advances of specialised banks stood at Rs114.6bn.
Investments of all scheduled banks stood at Rs2657.3bn, against preceding week’s figure of Rs2659.9bn, a fall of Rs2.6bn.
Compared to last year’s corresponding figure of Rs1796.3bn, current week’s figure is smaller by Rs861bn. In the current week, commercial banks investment stood at Rs2638.0bn, against preceding week’s figure of Rs2640.8bn, a fall of Rs2.8bn.
Specialised banks investment stood at Rs19bn.
Cash and balances with treasury banks of all scheduled banks decreased by Rs7.6bn during the week to stand at Rs474.5bn against earlier week’s Rs482.1bn. Current week’s figure is higher by Rs66.1bn compared to last year’s corresponding figure of Rs408.4bn.
In the current week, the figure for commercial banks stood at Rs471.9bn against preceding week’s figure of Rs479.4bn, a fall of Rs7.5bn, while of specialised banks it stood at Rs2.5bn.
Balances with other banks decreased to Rs118.7bn against Rs124.1bn in the previous week, or by Rs5.3bn. It was also, lower by Rs26.1bn compared to Rs144.8bn in the corresponding week last year.
Balances of all commercial banks stood at Rs111.7bn, a fall of Rs12.3bn over preceding week’s figure of Rs124.0bn. Balances of specialised banks stood at Rs7.0bn.
Net assets stood at Rs739.0bn against previous week’s Rs737.1bn, showing a rise of Rs1.9bn. Compared to last year’s corresponding figure of Rs651.4bn, the current week’s figure is higher by Rs87.6bn.
During the week under review, commercial banks net assets showed a rise of Rs1.9bn to Rs731.5bn against preceding week’s Rs729.6bn. Of specialised banks it fell to Rs7.5bn against preceding week’s Rs7.6bn.
Total assets of scheduled banks stood at Rs7157.8bn, lower by Rs36.5bn, over preceding week’s figure of Rs7194.3bn.
Current week’s figure was higher by Rs974.6bn compared to last year’s corresponding figure of Rs6183.2bn. In the current week, commercial banks assets stood at Rs7017.9bn, smaller by Rs36.4bn over previous week’s figure of Rs7054.3bn, while of specialised banks it stood at Rs139.9bn.
