The State Bank of Pakistan injected Rs69bn into the banking system on April 5 in an open market operation. The injection was made in a three-day contract at a rate of return of 6.02pc thus resulting in Pakistan Bank deposits increase.
According to the weekly statement of position of all scheduled banks for the week ended March 25, 2016, deposits and other accounts of all scheduled banks increased 0.76pc to Rs9,559.122bn over preceding week’s Rs9,486.922bn. Compared with last year’s corresponding figure of Rs8,508.337bn, it was higher by 12.35pc.
Deposits and other accounts of all commercial banks rose to Rs9,520.852bn from Rs9,448.739bn a week ago. Deposits and other accounts of specialised banks stood at Rs38.270bn against previous week’s figure of Rs38.133bn.
Total assets of all scheduled banks increased to Rs13,752.579bn from Rs13,617.217bn in the preceding week. It was higher by 15.32pc compared to last year’s corresponding figure of Rs11,925.014bn.
Combined assets of all commercial banks rose 1pc to Rs1,3541.502bn from Rs13,406.690bn in the previous week.
Total assets of specialised banks stood at Rs211.077bn over previous week’sRs210.528bn.
Gross advances of all scheduled banks stood at Rs4853.232bn, a rise of 0.34pc over preceding week’s figure of Rs4836.689bn. Compared with last year’s corresponding figure of Rs4431.641bn, current week’s figure is higher by 9.51pc.
Advances by all commercial banks rose to Rs4691.203bn against previous week’s Rs4674.877bn or by 0.35pc.
Advances of specialised banks stood at Rs162.029bn against previous week’s Rs161.811bn.
Borrowings by all scheduled banks increased in the week under review. It rose to Rs2072.783bn over previous week’s Rs2,020.649bn or by 2.58pc. Compared to last year’s corresponding figure of Rs1,515.772bn, current week’s figure is higher by 36.75pc.
Borrowings by commercial banks also increased in the week to Rs2,040.746bn against previous week’s Rs1,989.495bn, higher by 2.57pc.
Borrowings by specialised banks stood at Rs32.037bn against preceding week’s figure of Rs31.154bn.
Investments of all scheduled banks stood at Rs7163.554bn against preceding week’s figure of Rs7,050.036bn, a rise of 1.61pc. Compared to last year’s corresponding figure of Rs5,704.377bn, it was higher by 25.58pc.
Investments by all commercial banks stood at Rs7,135.164bn against preceding week’s figure of Rs7,020.103bn, an increase of 1.64pc. Compared to last year’s corresponding figure of Rs5678.640bn, current week’s figure is higher by 25.65pc.
Investment by all specialised banks stood at Rs28.390bn, against preceding week’s figure of Rs29. 933bn.
Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs790.182bn against previous week’s Rs802.284bn, showing a fall of 1.50pc. Current week’s figure was higher by4.42pc compared to last year’s corresponding figure of Rs756.714bn.
Cash and balances of all commercial banks stood at Rs788.123bn, lower by 1.51pc over previous week’s Rs800.237bn.
According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended March 25, notes in circulation decreased to Rs3,191.427bn over preceding week’s figure of Rs3,212.403bn, a fall of 0.65pc. Compared to last year’s corresponding figure of Rs2558.359bn, the current week’s figure is higher by 24.74pc.
Approved foreign exchange has fallen during the current week against previous week’s figure. Current week’s figure of Rs959.033bn was lower over preceding year’s figure of Rs962.375bn by 0.35pc. Compared to last year’s corresponding figure of Rs627.206bn, current week’s figure is higher by 52.90pc.
