Money Market: Bank investments rise – DAWN.com


The State Bank of Pakistan mopped up a cumulative Rs95.450bn from the banking system in two separate open market operation earlier last week.

On Tuesday, it mopped up Rs35.50bn and the next day Rs59.95bn.

In the first OMO, the SBP had received an offered amount of Rs93.75bn. It was for a three-day tenor and the rate of return was 5.65pc. On October 5, the amount of Rs59.95bn was accepted at 5.60pc against an offered amount of Rs85.90bn. It was of a two-day tenor.


Bank borrowings rose by 0.82pc against the previous week. Compared to last year’s corresponding figure, the current week’s figure is lower by 3.85pc


According to the weekly statement of position of all scheduled banks for the week ended September 23 2016, deposits and other accounts of all scheduled banks stood at Rs10,219.084bn after a 0.20pc rise over the preceding week’s figure of Rs10,163.595bn. Compared with last year’s corresponding figure of Rs9,021.270bn, the current week’s figure was higher by 12.44pc.

Deposits and other accounts of all commercial banks stood at Rs10,160.374bn against preceding week’s deposits of Rs10,104.110bn, showing an increase of 0.20pc. Deposits and other accounts of specialised banks stood at Rs58.711bn, up 0.17pc against previous week’s figure of Rs59.485bn.

Total assets of all scheduled banks stood at Rs14,114.497bn, higher by 0.10pc over preceding week’s figure of Rs13,947.248bn. Current week’s figure is higher by 8.45pc compared to last year’s corresponding figure of Rs12,867.410bn.

Total assets of all commercial banks stood at Rs13,885.577bn, higher by 0.11pc over previous week’s figure of Rs13,716.436bn, while total assets of specialised banks at Rs228.920bn, were higher 0.51pc over the previous week’s Rs230.812bn.

Gross advances of all scheduled banks stood at Rs5,046.191bn, lower by 0.05pc over the preceding week’s figure of 5,052.232bn. Compared with last year’s corresponding figure of Rs4,565.349bn, current week’s figure is higher by 10.95pc.

Advances by all commercial banks declined to Rs4,881.949bn from previous week’s Rs4,888.051bn indicating a fall of 0.05pc, whereas advances of specialised banks stood at Rs164.242bn against previous week’s Rs164.181bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 0.82pc to Rs1,885.724bn against previous week’s Rs1,789.283bn. Compared to last year’s corresponding figure of Rs1,887.167bn, current week’s figure is lower by 3.85pc.

Borrowings by commercial banks in the week at Rs1,807.845bn were higher by 0.89pc against previous week’s Rs1,710.896bn. Borrowings by specialised banks stood at Rs77.880bn against the previous week’s Rs78.386bn.

Investments of all scheduled banks stood at Rs7,357.432bn against preceding week’s figure of Rs7,133.269bn, showing a rise of 0.002pc. Compared to last year’s corresponding figure of Rs6,447.553bn, current week’s figure is higher by 10.86pc.

Investments by all commercial banks stood at Rs7,311.465bn, higher by 0.02pc against preceding week’s figure of Rs7,086.882bn, whereas investment by all specialised banks stood at Rs45.967bn against preceding week’s figure of Rs46.387bn.

Chart by Rehan Ahmed

Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs811.781bn against previous week’s Rs830.010bn, showing a decline of 4.33pc.

Current week’s figure increased by 2.40pc compared to last year’s corresponding figure of Rs746.482bn.

Cash and balances of all commercial banks stood at Rs809.381bn, lower by 4.36pc over previous week’s Rs827.423bn. Cash and balances of all specialised banks were smaller by 6.90pc at Rs2.400bn against the preceding week’s Rs2.587bn.

Published in Dawn, Business & Finance weekly, October 10th, 2016

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