Banks' investment on the rise
The State Bank of Pakistan in its open market operation on March 10 mopped up Rs61.550bn in a one-day contract. The amount was accepted at a rate of return of 5.84pc.The amount offered was Rs87.450bn.
According to the weekly statement of position of all scheduled banks for the week ended Feb 26, 2016, deposits and other accounts of all scheduled banks increased to Rs9,385.552bn from Rs9,352.810bn in the previous week. It was higher by 10.54pc when compared with Rs8,490.383bn in the same week last year.
Deposits and other accounts of all commercial banks inched up to Rs9,346.810bn from last week's Rs9,314.124bn. Notes in circulation increased to Rs3,141.882bn and other accounts of specialised banks stood at Rs38.743bn from Rs38.687bn in the preceding week. The combined assets of all scheduled banks rose 1.12pc to Rs13,517.392bn from Rs13,367.149bn a week ago. It was higher by 15.67pc compared to last year's corresponding figure of Rs11,686.086bn.
Total assets of all commercial banks stood at Rs13,305.230bn, up by 1.14pc over previous week's Rs13,154.921bn. Specialised banks' total assets dropped to Rs212.162bn from Rs212.228bn in the last week. Gross advances of all scheduled banks eased 0.11pc to Rs4,830.527bn from Rs4,835.714bn a week ago. Compared with last year's corresponding figure of Rs4,443.766bn, it was higher by 8.70pc.
Advances by all commercial banks decreased to Rs4,670.060bn against previous week's Rs4675.422bn. Advances of specialised banks stood at Rs160.468bn against previous week's Rs160.291bn.
banks increased 4.82pc to Rs2,016.156bn over previous week's Rs1,923.488bn. Compared to last year's corresponding figure of Rs1,316.787bn, it was higher by 53.11pc. Commercial banks' borrowings rose 4.89pc to Rs1,984.735bn against previous week's Rs1892.226bn. Borrowings by specialised banks stood at Rs31.421bn against Rs31.261bn a week ago. Investments of all scheduled banks increased 1.64pc to Rs7,019.511bn from Rs6,906.517bn in the last week. Compared to last year's corresponding figure of Rs5,585.830bn, it was higher by 25.67pc. All commercial banks' combined investments stood at Rs6,987.677bn, against preceding week's Rs6,874.689bn, an increase of 1.64pc. Compared to last year's corresponding figure of Rs5,559.574bn, it was up by 25.68pc. Investment by all specialised banks stood at Rs31.834bn, against preceding week's figure of Rs31.828bn.