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Pakistan Banks: Banks continue to tilt towards Investments during 1QCY20 – By JS Research

  • By: JS Global Capital Limited

  • - Published: Thursday, 09 April 2020
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<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per the latest data released by the State Bank of Pakistan (SBP), Deposits for 1QCY20 increased by 12% YoY and crossed the Rs15trn mark for the first time.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With double digit growth in deposits, higher borrowings and decline in Lending to FI, Investments were increased by 62% YoY, taking the IDR up to 61%.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Gross Advances of scheduled banks continued to increase by sluggish pace of 5% YoY during 1QCY20; where growth in credit to private sector was also limited to 6% YoY.</span></li></ul>

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