Bank deposits rise 13pc to Rs19.34tr

bank deposits rise 13pc to rs19 34tr

Sumary of Bank deposits rise 13pc to Rs19.34tr:

  • KARACHI: The deposits of scheduled banks jumped 13.2 per cent during the first 10 months (January to October) of the ongoing year while their investment grew 21pc, data issued by the State Bank of Pakistan (SBP) showed on Wednesday.
  • In absolute terms, banks deposits increased by Rs2.258 trillion since the start of 2021 to reach Rs19.343tr by the end of October.
  • In 2020, the banking sector deposits registered a growth of 22 per cent, or Rs3.204tr, to hit an 18-year high at Rs17.876tr, according to SBP data.

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