Banks get Rs 221b cash

The Pak Banker - - FRONT PAGE -

LA­HORE: The govern­ment raised Rs152.301 bil­lion from the auc­tion of Pak­istan In­vest­ment Bonds held last week de­spite hav­ing re­ceived bids of Rs266.549 bil­lion. It gen­er­ated Rs81.032 bil­lion from five-year bonds at a cut­off yield of 7.0492pc, Rs 63.112 bil­lion from three year bonds at 6.3469pc and Rs 8.156 bil­lion from 10-year bonds at 8.2505pc.

Five-year PIBs at­tracted the high­est amount of Rs121.653 bil­lion fol­lowed by three-year Rs110.869 bil­lion and 10-year Rs34.027 bil­lion. No bids were re­ceived for 20-year bonds. The State Bank of Pak­istan pumped in Rs221.6 bil­lion into the bank­ing sys­tem on Feb 25. This injection was made in an eight-day con­tract at 6.07pc.

The cen­tral bank had re­ceived bids worth Rs234.6n. Ac­cord­ing to the weekly state­ment of po­si­tion of all sched­uled banks for the week ended Feb 12, 2016, de­posits and other ac­counts of all sched­uled banks stood at Rs9,363.033 bil­lion over the pre­ced­ing week`s Rs9,347.521 bil­lion, a rise of 0.16pc. Com­pared with last year`s cor­re­spond­ing fig­ure of Rs8398.978 bil­lion, it was higher by 11.48pc.

De­posits and other ac­counts of all com­mer­cial banks rose 0.17pc to Rs9,324.016 bil­lion against pre­ced­ing week's Rs9,308.263 bil­lion. Spe­cialised banks' de­posits and other ac­counts stood at Rs39.017 bil­lion against pre­vi­ous week's Rs39.259 bil­lion. To­tal as­sets of all sched­uled banks stood at Rs 13,361.393 bil­lion smaller by 0.61pc over pre­ced­ing week's Rs13,442.804 bil­lion. All com­mer­cial banks to­tal as­sets dipped 0.62pc to Rs13,147.708 bil­lion from Rs13,229.307 bil­lion dur­ing the pre­ced­ing week.

Gross ad­vances of all sched­uled banks de­creased 0.17pc to Rs 4,828.434 bil­lion from Rs4,836.479 bil­lion dur­ing the pre­ced­ing week. Ad­vances by all com­mer­cial banks fell to Rs4,668.483 bil­lion from Rs 4,676.925 bil­lion in the pre­vi­ous week. Bor­row­ings by all sched­uled banks dropped 5.6pc to Rs1,913.770 bil­lion from Rs2,027.356 bil­lion dur­ing the pre­ced­ing week. Com­mer­cial banks com­bined bor­row­ings also de­clined 5.70pc to Rs1,881.085 bil­lion from Rs1,994.683 bil­lion in the pre­vi­ous week. In­vest­ments of all sched­uled banks re­mained steady at Rs6,798.631 bil­lion against pre­ced­ing week`s Rs6796.038 bil­lion. Com­pared to last year's cor­re­spond­ing fig­ure of Rs5,425.490 bil­lion, it was higher by 25.30pc.

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