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12:36

Pakistani Banking Sector Delivers Strong Results

From the Blog riazhaqPakistan's banks are showing strong performance with significant growth in deposits, assets and private sector credit. All areas of banking, including commercial, mobile and Islamic banking, are contributing to it. Karachi Financial District*Commercial Banking:* Pakistan's commercial banking industry grew by 16.1 percent during fiscal year 2015/16. Strong aggregate demand and improving business sentiments were seen in private sector credit growth of 12 percent, expanding by Rs. 461 billion in FY16 from Rs. 224 billion in the prior year, according to a World Bank report in the media. *Mobile Banking:* Mobile banking transactions in Pakistan grew to Rs. 1.5 trillion during 2015-16. The State Bank of Pakistan (SBP) has recorded Rs. 543.6 billion in branchless banking transactionspakistanblogs.blogspot.comRead Full PostComments

http://pakistanblogs.blogspot.com/2016/11/blogged-pages-17112016736.html 1987039188614731178 Pakistani Blog Posts

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