Bank deposits up, borrowings downturn

Observer Report

Islamabad—According to the weekly statement of position of all scheduled banks for the week ended April 15, 2016, deposits and other accounts of all scheduled banks increased 0.22 per cent to Rs 9,608.645 billion over the preceding week’s Rs9,587.311b. Compared with last year’s corresponding figure of Rs8,526.304b, it was higher by 12.70pc.
Deposits and other accounts of all commercial banks stood at Rs9,569.250b against preceding week’s deposits of Rs9,549.385b, showing a rise of 0.21pc. Deposits and other accounts of specialised banks stood at Rs39.395b, against previous week’s figure of Rs37.926b. Total assets of all scheduled banks stood at Rs13618.400bn, lower by 0.70pc over preceding week’s figure of Rs13713.863b. Current week’s figure was higher by 13.20pc compared to last year’s corresponding figure of Rs12,030.051b. Total assets of all commercial banks stood at Rs13,410.630b, smaller by 0.72pc over previous week’s figure of Rs13507.364b. Total assets of specialised banks stood at Rs207.770bn over previous week’sRs206.500b.
Gross advances of all scheduled banks stood at Rs4,873.517bn, a rise of 0.44pc over preceding week’s figure of Rs4,852.305bn. Compared with last year’s corresponding figure of Rs4435.207bn, current week’s figure is higher by 9.90pc. Advances by all commercial banks increased to Rs4,711.389bn against previous week’s Rs4,690.189bn or by 0.45pc. Advances of specialised banks stood at Rs162.127bn against previous week’s Rs161.767bn. Borrowings by all scheduled banks decreased in the week under review. It fell to Rs1,964.573b over previous week’s Rs2,074.132b or by 5.28pc. Compared to last year’s corresponding figure of Rs1,525.827b, current week’s figure is higher by 28.75pc. Borrowings by commercial banks also decreased in the week to Rs1,887.256bn against previous week’s Rs1,996.593bn, lower by 5.48pc.
Borrowings by specialised banks stood at Rs77.318b against preceding week’s figure of Rs77.539b. Investments of all scheduled banks stood at Rs7050.306b, against preceding week’s figure of Rs7192.852bn, a fall of 2.00pc. Compared to last year’s corresponding figure of Rs5823.172b, current week’s figure is higher by 21.20pc. Investments by all commercial banks stood at Rs7025.501b, against preceding week’s figure of Rs7168.359b, a decrease of 2.00pc. Compared to last year’s corresponding figure of Rs5796.335b, current week’s figure is higher by 21.21pc. Investment by all specialised banks stood at Rs24.805bn, against preceding week’s figure of Rs24.494bn. Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs759.135b against previous week’s Rs755.670b, showing a rise of 0.46pc. Current week’s figure was higher by11.06pc compared to last year’s corresponding figure of Rs683.580b. Cash and balances of all commercial banks stood at Rs757.090b, higher by 0.44 pc over previous week’s Rs753.796b.
According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended April15, notes in circulation increased to Rs3256.629b over preceding week’s figure of Rs3252.982b, a rise of 0.11 pc. Compared to last year’s corresponding figure of Rs2606.490b, the current week’s figure is higher by 24.94 pc. Approved foreign exchange has declined during the current week against previous week’s figure. Current week’s figure of Rs974.230b was lower over preceding year’s figure of Rs987.482b by 1.34pc. Compared to last year’s corresponding figure of Rs677.513b, current week’s figure is higher by 43.80pc.

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