Data from the State Bank of Pakistan (SBP) reveals a noteworthy increase in deposits held by scheduled banks, rising by 17.87% YoY to reach Rs26.11 trillion in August 2023, compared to Rs22.15 trillion in August 2022.

According to the same SBP data, bank deposits also saw a modest 1.59% MoM increase, compared to Rs25.7 trillion in July 2023.

Total advances, on the other hand, recorded a 7.82% growth, reaching Rs11.77 trillion compared to Rs10.92 trillion from a year ago. However, on a monthly basis, advances experienced a slight 1.03% decline, down from Rs11.89 trillion in July 2023.

The Advances to Deposit Ratio (ADR) stood at 45.1%, reflecting a monthly decrease of 119 basis points (bps) and a yearly decrease of 420 bps.

In the realm of investments, scheduled banks’ total investments amounted to Rs22.01 trillion, marking an increase from Rs21.46 trillion the previous month and Rs18.18 trillion from the previous year. This represents a month-on-month increase of 2.56% and a year-on-year increase of 21.08%.

The Investment to Deposit Ratio (IDR) also exhibited growth, rising by 80 bps to 84.32% compared to July 2023 and increasing by 224 bps compared to the same period a year ago.

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