Pakistani Banking Sector Sees A Healthy Rise Of Deposits In February 2021

At the same time, banks’ lending to the private sector slightly improved with a partial revival in economic activities.

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Banks need to raise own capital till June - SentinelassamThe Pakistani banking sector deposits have continued to show healthy growth during the COVID-19 pandemic.

The total deposits held by commercial banks clocked in at ₨. 17.25 trillion in February 2021, depicting a growth of 17% on a Month-Over-Month (MoM) basis.

Some banks of Pakistan (some bank logos are outdated).

The government remained the single largest borrower from commercial banks and depositors as well during the pandemic.

At the same time, banks’ lending to the private sector slightly improved with a partial revival in economic activities.

Nevertheless, growth in lending to the private sector remained slow as compared to the ones in deposits and investment in government papers.

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Banks’ investment in government debt securities soared 33% in one year to ₨. 11.61 trillion in the month under review as compared to ₨. 8.72 trillion in the corresponding month of the previous year.

Moreover, lending to the private sector enhanced just around 4% to ₨. 8.53 trillion in the month compared to ₨. 8.21 trillion in February 2020.

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