THE central bank pumped in a relatively smaller amount of Rs40.5bn into the banking system last Wednesday in an open market operation.

The injection was made in an eight-day contract at 6pc. With banks closed for five days last week, the amount is expected to get them through at least the middle of this week before they ask for fresh liquidity injections from the SBP.

Meanwhile, according to the weekly statement of position of all scheduled banks for the week ending December 11, gross advances of all scheduled banks stood at Rs4,723.573bn, up 0.38pc over the preceding week’s figure of Rs4,705.397. When compared with last year’s corresponding figure of Rs4,375.774bn, the current week’s figure is higher by 8pc.


The injection was made in an eight-day contract at 6pc


 

Advances of all commercial banks rose 0.4pc to Rs4,565.117bn in the week, against the previous week’s level of Rs4,547.135bn. Advances of all specialised banks stood at Rs158.456bn in the week, against the previous week’s figure of Rs158.26bn.

Borrowings by all scheduled banks rose by 3.3pc to Rs1,886.379bn in the week under review, over the previous week’s figure of Rs1,825.881bn. When compared with last year’s corresponding figure of Rs1,064.898bn, the current week’s figure is higher by 77.14pc.

Borrowings by all commercial banks also rose by 3.3pc to Rs1,859.245bn in the week against the previous week’s figure of Rs1,799.932bn. Borrowings by all specialised banks stood at Rs27.134bn in the week, down from the preceding week’s figure of Rs25.95bn.

Investments of all scheduled banks stood at Rs6,573.739bn in the week ending December 11, down 0.55pc from the preceding week’s figure of Rs6,610.127bn. When compared with last year’s corresponding figure of Rs4,876.43bn, the current week’s figure is higher by 34.8pc.

Investments of all commercial banks stood at Rs6,545.392bn in the week against the preceding week’s figure of Rs6,582.934bn, depicting a decrease of 0.57pc. When compared with last year’s corresponding figure of Rs4,840.61bn, the current week’s figure is higher by 35.2pc. Investments of all specialised banks stood at Rs28.35bn in the week, against the preceding week’s figure of Rs27.19bn.

Deposits and other accounts of all scheduled banks increased 0.06pc to Rs9,206.572bn in the week under review, over the preceding week’s figure of Rs9,200.563bn. When compared with last year’s corresponding figure of Rs8,195.1bn, the current week’s figure is higher by 12.3pc.

Chart by Rehan Ahmed

Deposits and other accounts of all commercial banks stood at Rs9,166.55bn in the week against the preceding week’s level of Rs9,161.158bn, showing an increase of 0.05pc. Deposits and other accounts of all specialised banks stood at Rs40.022bn in the week against the previous week’s figure of Rs39.405bn.

Total assets of all scheduled banks stood at Rs13,085.334bn in the week ending December 11, up 0.61pc over the preceding week’s figure of Rs13,005.705bn. The current week’s figure is higher by 19pc when compared with last year’s corresponding figure of Rs10,992.91bn.

Total assets of all commercial banks stood at Rs12,879.398bn in the week, higher by 0.75pc over the previous week’s figure of Rs12,801.54bn. Total assets of all specialised banks stood at Rs205.936bn in the week.

According to the SBP’s weekly statement of affairs for the week ending December11, notes in circulation had risen by 1.55pc to Rs3,124.02bn against the preceding week’s figure of R3,076.267bn. When compared with last year’s corresponding figure of Rs2,529.561bn, the current week’s figure is higher by 23.5pc

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