Advances to Deposit Ratio (ADR) records decline in November 2023

ADR at 44.64%: Monthly and yearly basis decline of 43 and 415 basis points

The Advances to Deposit Ratio (ADR) stood at 44.64%, reflecting a monthly decrease of 43 basis points and a yearly decline of 415 basis points in November 2023.

This ratio is based on total deposits, which surged by 17.88% year-on-year to reach Rs.26.79 trillion, compared to Rs.22.73 trillion in November 2022, as reported by the State Bank of Pakistan (SBP). On a month-on-month basis, there was a 1.52% increase in deposits, rising from Rs.26.39 trillion in October 2023.

Additionally, total advances extended by scheduled banks increased by 7.86% to Rs.11.96 trillion compared to the previous year’s Rs.11.09 trillion. Monthly advances grew by 0.56%, reaching Rs.11.96 trillion in November 2023 from Rs.11.89 trillion in October 2023.

Meanwhile, the Investment to Deposit Ratio (IDR) saw an upward trend, rising by 374 basis points to 91.75% compared to October 2023 and showing a substantial increase of 1044 basis points from the previous year, with total investments standing at Rs.24.58 trillion.

1 COMMENT

Comments are closed.

Must Read

Foreign exchange rates in Pakistan for today, December 09, 2024

The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin on Monday.Â