Govt sells Rs186 bil­lion T-bills to banks

The Pak Banker - - COMPANIES/BOSS - Staff Reporter

The govern­ment raised Rs186.457 bil­lion from the auc­tion of trea­sury bills of var­i­ous tenors on Feb 17, lower than its tar­get of Rs250 bil­lion. The cen­tral bank had re­ceived bids worth a much higher Rs467.189 bil­lion.

Of the to­tal, 12 month T-bills fetched the high­est amount of Rs159.180 bil­lion at a cut-off yield of 6.2419pc, fol­lowed by three-month Rs26.355 bil­lion at 6.2144pc and six-month with Rs921.405m at 6.2239pc.

In­vestors had showed higher in­ter­est in 12month govern­ment pa­pers, which re­ceived Rs303.610 bil­lion bids fol­lowed by three-month Rs114.409 bil­lion and six-month 49.168 bil­lion.

Ac­cord­ing to the weekly state­ment of po­si­tion for the week ended Feb 5, 2016, de­posits and other ac­counts of all the sched­uled banks de­creased to Rs9,347.521 bil­lion from Rs9,408.102 bil­lion in the pre­ced­ing week. Com­pared with last year's cor­re­spond­ing fig­ure of Rs8428.142 bil­lion, it was higher by 10.90pc.

De­posits and other ac­counts of all com­mer­cial banks showed slight de­cline to Rs9,308.263 bil­lion from Rs9368.465 bil­lion in the pre­vi­ous month. Spe­cialised banks' de­posits and other ac­counts stood at Rs39.259 bil­lion, against pre­ced­ing week's Rs39.637 bil­lion.

To­tal as­sets of all sched­uled banks rose 0.77pc to Rs13,442.804 bil­lion from Rs13,339.535 bil­lion in the pre­ced­ing week. It was higher by 15.75pc when com­pared with Rs11,613.393 bil­lion in the cor­re­spond­ing week last year. All com­mer­cial banks' as­sets stood at Rs13,229.307 bil­lion, up 0.80pc over the pre­vi­ous week's Rs13,125.237 bil­lion.

The com­bined as­sets of spe­cialised banks dipped to Rs213.497 bil­lion as Rs214.297 bil­lion in the pre­ced­ing week.

Gross ad­vances of all sched­uled banks eased 0.08pc to Rs4,836.479 bil­lion from Rs4,840.347 bil­lion in the pre­ced­ing week. It was higher by 8.61pc when com­pared with Rs4452.856 bil­lion in the same week last year.

Ad­vances by all com­mer­cial banks fell 0.09pc to Rs4,676.925 bil­lion from Rs4,681.091 bil­lion in the pre­vi­ous week.

Ad­vances of spe­cialised banks stood at Rs159.554 bil­lion against pre­vi­ous week's Rs159.256 bil­lion. Bor­row­ings by all sched­uled banks in­creased 6.74pc in the week un­der re­view to Rs2027.356 bil­lion from Rs1,899.358 bil­lion in the pre­ced­ing week. It was higher by 55.24pc when com­pared with last year's cor­re­spond­ing fig­ure of Rs1,305.957 bil­lion. Com­mer­cial banks' bor­row­ings also rose 6.88pc to Rs1,994.683 bil­lion against pre­vi­ous week's Rs1866.272 bil­lion. The spe­cialised banks' bor­row­ings stood at Rs32.673 bil­lion against pre­ced­ing week's Rs33.086 bil­lion.

In­vest­ments of all sched­uled banks stood at Rs6,796.038 bil­lion against pre­ced­ing week's Rs6819.172 bil­lion, a fall of 0.34pc. Com­pared to last year's cor­re­spond­ing fig­ure of Rs5,534.735 bil­lion, it was up 22.79pc.

Com­mer­cial banks in­vest­ment fell to Rs6767.430 bil­lion from Rs6,790.572 bil­lion the pre­vi­ous week. Com­pared to last year's cor­re­spond­ing fig­ure of Rs5499.318 bil­lion, it was higher by 23.06pc. In­vest­ment by all spe­cialised banks stood at Rs28.608 bil­lion against pre­ced­ing week's Rs28.600 bil­lion.

Cash and bal­ances with trea­sury banks of all sched­uled banks in­creased 9.21pc to Rs820.799 bil­lion against pre­vi­ous week's Rs751.596 bil­lion. It was higher by 30.27pc when com­pared with last year's Rs630.070 bil­lion. Com­mer­cial banks' cash and bal­ances stood at Rs818.972 bil­lion, up 9.30pc over the pre­vi­ous week's Rs749.290 bil­lion. Ac­cord­ing to the weekly State­ment of Affairs of the State Bank of Pak­istan for the week ended Feb 5, cur­rency notes in cir­cu­la­tion in­creased to Rs3,154.010 bil­lion over pre­ced­ing week's Rs3093.165 bil­lion, a rise of 1.96pc.

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