LAHORE: The banking sector deposits have increased eight per cent to Rs9,020 billion in the first eight months of current year 2015, however, the deposits declined by 1 per cent during the first two months of fiscal year 2015-16.
According to figures issued by the State Bank of Pakistan (SBP), advances also increased two per cent in the eight months of 20Y15 to reach Rs4,566 billion, while investments improved to Rs6,293b, showing 23 per cent growth. ADR trimmed by 3ppts YTD to 51% as at Aug 2015, while IDR marked an all-time high at 70%, +9ppts higher compared to Dec 2014.
On MoM basis, Advances remained almost flat, while Investments registered 4% growth. Banks have once again reverted to Reverse-Repo (injection by SBP) for further borrowing to fund their assets as Repo borrowing has remained above Rs1 trillion level since Jul 2015, from Rs625b in Jun 2015.
