Deposits with Pakistan’s banking sector amounted to Rs8.4 trillion at the end of 2014 after growing at an annual rate of 10.8%.
According to the latest data released by the State Bank of Pakistan (SBP), annual growth in personal deposits outpaced the increase in overall deposits last year. Personal deposits increased 13.2% to Rs4.1 trillion in 2014 as opposed to 10.2% growth in the deposits of private businesses over the same 12-month period.
The last year’s increase in the deposit base is less than its five-year annualised growth rate, which clocked up at a little over 14% at the end of 2014.
The largest chunk within the category of personal deposits is of self-employed people. With over Rs2 trillion, their deposits constituted 48.2% of total personal deposits at the end of December.
Deposits belonging to salaried people amounted to Rs869.8 billion at the end of 2014, up 17.3% from a year ago.
