KARACHI -- The performance of the banking sector remained satisfactory despite challenging macroeconomic environment.
This was stated by State Bank of Pakistan (SBP), in its Mid-Year Performance Review (MPR) of the Banking Sector for the calendar year 2019 (CY19), said a statement on Monday.
The review comprehensively covers the performance and soundness of the banking sector.
Banking sector maintained its growth trajectory with asset expansion of 5.3 percent during H1CY19 (Year-on-Year (YoY): 7.9 percent), primarily funded by deposits that witnessed the highest growth since H1CY16.
There was some deceleration in growth in advances consequence of economic slowdown.
Investments grew marginally and banks exhibited renewed interest in long-term government securities that is Pakistan Investment Bonds (PIBs).
The overall risk profile of the banking sector remained robust. Though the asset quality moderated...