Wednesday, July 13, 2011

Deposits and advances growth of commercial banks in Pakistan, 1H 2011

As external account, remittances and exports increased in 1H 2011 , deposit growth of commercial banks in Pakistan stood at 9% during the period and has reached at Rs 5.6 trillion ($65bn). Pertinent to mention here that this growth has been seen after a gap of 3 years and is slightly higher than last 3 year average growth of 8% during the same period.

Almost all commercial banks working in Pakistan continue their stringent and risk-averse strategy for fresh loans and thus advances grew by only 0.3%  in 1H2011. This is the third consecutive year when advances remained almost flat during the first half.

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