Pakistan’s banking deposits register
growth of 7.1% on a year-on-year basis
Deposits in Pakistan's
banking sector posted a growth of 7.1% on a year-on-year (YoY) basis in
December 2022.
The data released by the
State Bank of Pakistan (SBP) shows that deposits increased to Rs22.467 trillion
by December 2022, compared to Rs20.972 trillion in December 2021. However, on a
monthly basis, deposits declined by 1.2%, compared to Rs22.732 trillion in
November 2022.
Advances also grew by a
healthy 17.4% YoY to Rs11.913 trillion during the last month of 2022, as
compared to Rs10.149 trillion in the same period last year.
Meanwhile, investments jumped
by 26.7% YoY to Rs17.902 trillion in December 2022, compared to Rs14.124
trillion recorded in the same month last year.
Advances-to-total deposits
(ADR) ratio stood at 53% in Dec
ember 2022, up by 463 basis points (bps) YoY, as
compared to 48.4% ADR in the same month last year.