Total deposits held by Pakistani banks surge nearly 18 per cent YoY

ISLAMABAD: The total deposits held by scheduled banks in Pakistan increased by 17.9 per cent in August 2024 compared to the same time last year. The deposits rose to Rs30.78 trillion from Rs26.11 trillion in August 2023.

The banks’ deposits were also up slightly by 0.6 per cent compared to Rs30.6 trillion in July 2024.

According to data from the State Bank of Pakistan (SBP), total loans, known as advances, went up by 0.28 per cent to Rs11.81 trillion compared to Rs11.78 trillion in August 2023. However, on a monthly basis, advances dropped by 0.54 per cent from Rs11.87 trillion in July 2024.

The Advances to Deposit Ratio (ADR), which shows how much banks lend compared to their deposits, decreased to 38.36 per cent. This was 673 basis points (bps) lower than last year and down by 43 bps from the previous month.

The total investments made by scheduled banks stood at Rs31.03 trillion in August 2024, up from Rs22.02 trillion a year ago, showing a 40.95 per cent increase. Compared to July 2024, investments also rose by 1.98 per cent from Rs30.43 trillion.

The Investment to Deposit Ratio (IDR), which measures how much banks invest compared to their deposits, rose by 1,651 bps to 100.83 per cent from August 2023 and increased by 139 bps compared to July 2024.

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