Bank deposits rise 15% to Rs23tr in June: SBP

Bank deposits rise 15% to Rs23tr in June: SBP

July 14, 2022 (MLN): Total deposits held by scheduled banks have grown by about 15% year-on-year to about Rs 22.8 trillion in June 2022, from Rs 19.79 trillion in the same month of last year due to strong overseas influx, data from the State Bank today shows.

Similarly, on a monthly basis, local banks’ deposits showed an 8% increase from Rs21tr in May 2022.

According to the data provided by SBP, the investments increased to 17.4tr in June 2022. Rs, growing at 27% year-on-year. The higher investment growth can be attributed to higher lending by the sector. On a sequential basis, total investment by commercial banks increased by 12% from Rs15.5tr in the previous month.

As a result, banks’ investment-to-deposit ratio (IDR) is now up 695 bps to 76.5% at the end of June 2022, compared to 69.4% in the same month last year, while up 282 bps month-on-month of 73.5%.

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Similarly, demand for advances posted positive growth of 21% year-on-year to 10.9 rupees in the month under review. While it remained the same on a monthly basis.

Meanwhile, the advances-to-deposit ratio (ADR) rose 228 bps to 47.7% in June ’22, from 45.4% in the same month last year.

On a sequential basis, ADR declined 344 basis points from the previous month’s 51.2% level.

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Posted on: 2022-07-14T13:52:37+05:00

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