State Bank announced a significant increase in bank deposits
- Business
- October 24, 2024
- No Comment
The State Bank of Pakistan has announced a significant increase in bank deposits, with a rise of PKR 564 billion recorded in September 2024. This brings the total deposits in the banking sector to PKR 31,342 billion.
In addition, the bank’s advances have also increased, climbing by PKR 497 billion to reach PKR 12,305 billion. However, there has been a decline in bank investments, which fell by PKR 334 billion, resulting in a total investment stock of PKR 30,699 billion. The advance-to-deposit ratio stands at 39.30%, while the ratio of bank investments to deposits is reported at 98%.
