Bank investment increases

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Observer Report

Karachi—The central bank pumped in Rs325.00b into the banking system on Sept 08, in the open market operation. The injection was made in a one-day contract at 5.80pc. The central bank had received bids worth Rs341.50bn.
According to the weekly statement of position of all scheduled banks for the week ended Aug 19, deposits and other accounts of all scheduled banks stood at Rs10,165.79b after a 0.41pc fall over the preceding week’s figure of Rs10,207.59b. Compared with last year’s corresponding figure of Rs9,020.41b, the current week’s figure was higher by 12.70pc.
Deposits and other accounts of all commercial banks stood at Rs10,109.37b against preceding week’s deposits of Rs10,151.25b, showing a decrease of 0.41pc. Deposits and other accounts of specialised banks stood at Rs56.43b, up 0.20pc against previous week’s figure of Rs56.31b.
Total assets of all scheduled banks stood at Rs13,891.38b, higher by 1.93pc over preceding week’s figure of Rs13,627.94b. Current week’s figure is higher by 9.55pc compared to last year’s corresponding figure of Rs12,679.83b.
Total assets of all commercial banks stood at Rs13,666.16bn, higher by 1.96pc over previous week’s figure of Rs13,403.46bn, while total assets of specialised banks at Rs225.23b, were higher 0.33pc over the previous week’sRs224.48b.
Gross advances of all scheduled banks stood at Rs5,040.71b, smaller by 0.13pc over the preceding week’s figure of 5,047.52b. Compared with last year’s corresponding figure of Rs4,566.00b, current week’s figure is higher by 10.40pc.
Advances by all commercial banks fell to Rs4,877.07bn from previous week’s Rs4,884.05bn indicating a fall of 0.15pc, whereas advances of specialised banks stood at Rs163.63bn against previous week’s 163.47bn.
Borrowings by all scheduled banks increased in the week under review. It rose by 21.43pc to Rs1,742.68bn against previous week’s Rs1,435.13b. Compared to last year’s corresponding figure of Rs1,696.38bn, current week’s figure is larger by 2.73pc.
Borrowings by commercial banks in the week at Rs1,665.24b were higher by 22.58pc against previous week’s Rs1,358.52b. Borrowings by specialised banks stood at Rs77.44b against the previous week’s Rs76.61b.
Investments of all scheduled banks stood at Rs7,114.16b against preceding week’s figure of Rs6,962.69bn, showing a rise of 2.18pc. Compared to last year’s corresponding figure of Rs6,293.03b, current week’s figure is higher by 13.05pc. Investments by all commercial banks stood at Rs7,071.73b, higher by 2.20pc against preceding week’s figure of Rs6,919.64bn, whereas investment by all specialised banks stood at Rs42.44b against preceding week’s figure of Rs43.05b.
Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs8,26.51b against previous week’s Rs758.18b, showing an increase of 9.01pc. Current week’s figure increased by 13.16pc compared to last year’s corresponding figure of Rs730.38b.
Cash and balances of all commercial banks stood at Rs823.76b, higher by 9.12pc over previous week’s Rs754.94b. Cash and balances of all specialised banks were smaller by 15.04pc at Rs2.75b against the preceding week’s Rs3.24b.