Banks' short-term loans, deposits, and investments increased on a year-on-year basis during January

 Banks' short-term loans, deposits, and investments increased on a year-on-year basis during January

ISLAMABAD (Urdu Point News Latest - APP. February 27, 2023) Banks' short-term loans, deposits, and investments have recorded an increase on annual basis during January. According to the statistics released by the State Bank in this regard, in January 2023, the volume of short-term loans by banks was recorded at 11,659 billion rupees, which is 17.2% more than in January last year.
In January last year, the volume of short-term loans of banks was recorded at 9 thousand 944 billion rupees. Compared to December, the volume of short-term loans of banks in January has recorded a decrease of 2.1 percent every month. In December, the volume of short-term loans of banks was recorded at 11913 billion rupees, which decreased to 11659 billion rupees in January.
According to statistics, in January 2023, a growth of 14.1 percent was recorded in the deposits of banks on an annual basis.

In January, the volume of bank deposits reached 22 thousand 754 billion rupees, which was 19949 billion rupees at the end of January last year. Compared to December, a growth of 1.3 percent was recorded in the deposits of banks every month in January. In December, the volume of deposits of banks was recorded at 22,467 billion rupees, which increased to 22,754 billion rupees in January.
In January, the investment volume of banks reached 19,293 billion rupees, which was 14,424 billion rupees at the end of January last year. Compared to December, the investment of banks in January has recorded a growth of 7.8 percent every month. In December, the investment volume of banks was recorded at 17902 billion rupees, which increased to 19293 billion rupees in January.\395