Monday 19 August 2013

Bank deposits decrease

Bids worth Rs186.76 billion were accepted by the central bank during an auction of T-bills of various tenors held on August 6.

Of the total, three-month T-bills fetched Rs170.97 billion (bn) at a cut-off yield of 8.9872 per cent, while six-month T-bills fetched a sum of Rs15.79bn at 8.9836 per cent. Total bids received were of a face value of Rs188.96bn. No bids were received for 12-month T-bills, while non-competitive bids had amounted to Rs13.44bn.The State of Bank of Pakistan also conducted its open market operations (OMO, mop up) in the three-day repo contract on August 13. Four bids were received with total amount offered at Rs15.5bn, within a range of rate of return of 8.5-8.6 per cent. Of these, three bids were accepted for a total amount of Rs9.5bn, at a rate of return of 8.5 per cent.

In the week ended August 2, deposits and other accounts of all scheduled banks decreased to Rs7063.931bn, lower by Rs5.23bn over the preceding week146s figure of Rs7069.161bn. When compared with last years corresponding figure of Rs6155.596bn, the current weeks figure is higher by Rs908.335bn.

Commercial banks deposits fell by Rs4.82bn during the week to Rs7048.215bn, against the preceding weeks level of Rs7053.035bn. Specialised banks deposits stood at Rs15.715bn in the week, against the previous weeks Rs16.127bn.

According to the weekly statement of position of all scheduled banks for the week ended August 2, borrowing by all scheduled banks decreased to Rs538.492bn over the preceding weeks figure of Rs539.412bn, or by Rs0.92bn. When compared with last years corresponding figure of Rs772.768bn, the current weeks figure is lesser by Rs234.276bn.

Commercial banks borrowings declined to Rs461.373bn in the week, against the previous weeks figure of Rs462.293bn, or by Rs0.92bn. Borrowing by specialised banks stood at Rs77.119bn in the week, against the preceding weeks figure of Rs77.12bn.

Other liabilities of all scheduled banks stood at Rs338.314bn during the week ended August 2, against the preceding weeks Rs324.895bn, showing an increase of Rs13.419bn. When compared with last years corresponding figure of Rs332.596bn, the current weeks figure is higher by Rs5.718bn.

Other liabilities of all commercial bank rose to Rs289.396bn during the week, over the previous week146s Rs276.059bn, or by Rs13.337bn. The current week146s figure is, however, lesser by Rs0.765bn over last years corresponding figure of Rs288.631bn.

Gross advances stood at Rs3790.946bn during the week under review, posting an increase of Rs3.009bn over the preceding week146s figure of Rs3787.937bn. When compared with last year146s corresponding figure of Rs3718.15bn, the current weeks figure is higher by Rs72.796bn.

Advances by commercial banks rose by Rs2.797bn to Rs3668.276bn during the week under review, against the prior weeks figure of Rs3665.479bn. Advances by specialised banks stood at Rs122.670bn in the week.

Investments of all scheduled banks stood at Rs3832.770bn during the week ended August 2, against the preceding week146s figure of Rs3836.590bn, posting a fall of Rs3.82bn. When compared with last years corresponding figure of Rs3362.593bn, the current week146s figure is higher by Rs470.177bn.

Commercial banks146 investment stood at Rs3800.97bn in the week, against the preceding weeks figure of Rs3810.287bn, posting a fall of Rs9.317bn. Specialised banks investment stood at Rs31.800bn in the week.

Cash and balances with treasury banks of all scheduled banks declined by Rs28.521bn during the week to reach Rs581.658bn, against the prior weeks Rs610.179bn. The current weeks figure is higher by Rs64.918bn when compared with last years corresponding figure of Rs516.74bn.

Cash and balances with treasury banks of all commercial banks stood at Rs578.727bn during the week, against the preceding weeks figure of Rs607.015bn, a decline of Rs28.288bn. The figure for specialised banks stood at Rs2.931bn, against the preceding weeks level of Rs3.164bn.

Balances with other banks declined by Rs13.806bn to Rs142.329bn during the week ended August 2, against Rs156.135bn recorded in the previous week. The current weeks figure is higher by Rs0.266bn when compared with Rs142.063bn recorded in the corresponding week last year.

Balances of all commercial banks fell by Rs7.75bn in the week to Rs138.989bn, over the preceding week146s figure of Rs146.739bn. Balances of specialised banks stood at Rs3.34bn during the week.

Total assets of all scheduled banks stood at Rs9045.113bn during the week, higher by Rs1.907bn over the preceding weeks figure of Rs9043.206bn. The current week146s figure is higher by Rs795.67bn when compared with last years corresponding figure of Rs8249.443bn.

Commercial banks total assets stood at Rs8881.986bn in the week, higher by Rs2.289bn over the previous weeks figure of Rs8879.697bn. Total assets of specialised banks stood at Rs163.127bn in the week, over the previous weeks Rs163.509bn.

Net assets of all scheduled banks stood at Rs924.368bn during the week ended August 2, against the preceding weeks figure of Rs928.767bn, posting a decline of Rs4.399bn. The current weeks figure is higher by Rs91.134bn when compared with last years corresponding figure of Rs833.234bn.

Net assets of all commercial banks stood at Rs906.805bn during the week, lesser by Rs4.366bn over the preceding week146s figure of Rs911.171bn. Specialised banks net assets stood at Rs17.563bn in the week, against the previous weeks Rs17.596bn.

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