ISLAMABAD, AUGUST 19: Deposits in the banking sector have increased steadily since the year began, with a 19.1% year-over-year increase in July 2024.
Deposits in the banking sector rose to Rs. 30.6 trillion in July 2024 from Rs. 25.7 trillion during the same period the previous year, according to the State Bank of Pakistan (SBP).
Month over month, deposits are down 1.7% from the Rs. 31.1 trillion recorded in June 2024.
Bank investments increased by 41.8 percent year-over-year to Rs. 30.4 trillion in July 2024 from Rs. 21.4 trillion during the same time the previous year.
From Rs. 11.89 trillion in July 2023 to Rs. 11.87 trillion in July 2024, the advances of the banks saw a little YoY decline.
In SPLY, the advance-to-deposit ratio was 46.3 percent; however, it dropped by 750 basis points to 38.8 percent. From 83.5 percent reported the previous year to 99.4 percent in July 2024, the investment-to-deposit ratio increased dramatically.
