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Reading: Bank investments show upwards trend
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PhotoNews Pakistan > Business > Bank investments show upwards trend
Business

Bank investments show upwards trend

Web Desk
By Web Desk Published November 17, 2014 1 Min Read
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The government managed to raise Rs285.773bn from the auction of Treasury bills of various tenors on November 12. Like the previous auction, investors were more interested in six- and 12-month bills.

For both these bills, the cut-off yield stayed unchanged from the previous auction, and the central bank accepted all the bids it had received for them. Of the total, 12-month T-bills fetched Rs127.003bn at a cut off yield of 9.9900pc, followed by six-month T-bills with Rs122.148bn at 9.9791pc and three-month T-bills with Rs36.621bn at 9.9291pc.

The central bank had received total bids worth Rs291.001bn. Three-month T-bills had attracted Rs41.849bn.

According to the weekly statement of position of all scheduled banks for the week ending October 31, investments of all scheduled banks stood at Rs4,492.817bn, against the preceding week’s figure of Rs4,424.502bn, up 1.54pc.

Investments of all commercial banks stood at Rs4,458.56bn in the week, against the prior week’s figure of Rs4,391.551bn, up 1.52pc. Investments of all specialised banks stood at Rs34.256bn in the week, against the preceding week’s figure of Rs32.951bn.

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