By Arshad Hussain
KARACHI: The commercial banks have registered a growth of 45 percent in opening new online branches in the second quarter of the current fiscal year, State Bank of Pakistan data said on Monday.
During this quarter retail payment transaction (paper based and electronic) registered a growth of 5.05 percent in numbers, whereas the value of transactions increased by 4.91 percent over the first quarter of 2005-06.
Quarterly growth on the basis of previous quarter showed growth at the rate of 5.45 percent and growth in value of transactions by 2.98 percent, whereas the growth rate was 23.46 percent and 12.20 percent in case of number of transactions and amount, respectively, in the previous quarter.
Electronic banking: The central bank data said electronic transactions have posted a growth of 3.05 percent in the number of transactions and the amount showed a growth of 66.20 percent during the current quarter. The main contributor to growth in the value is real time online funds transfer by online bank branches that posted a 73 percent increase.
During the last six quarters the transactions from paper-based banking to e-banking has increased in terms of number of transactions. However, the value has achieved a remarkable growth, which has been driven by B2B through online branch network.
Online Branch Network and Automated Teller Machines (ATMs): Online branch network is expanding to meet the funds movement needs of customers. This quarter witnessed the addition of 235 new branches in the online network. The coverage of online branches as a percentage of total branches has also increased from 41 percent in
the previous quarter to 45 percent in the current quarter. As such, the total number of online branches reached 3,265 out of total branch network of 7,245 reported by banks.
Similarly, during the second quarter of fiscal year 2005-06 banks have added 75 new ATMs in their network, bringing the total to 1,217, registering a growth of 6.6 percent as compared with 11 percent in the last quarter.
As such, 189 new machines were added in the first half of the current financial year as compared with 110 new machines added during the same period last year.
Number of (credit/ debit/smart)cardholders: At the end of second quarter of the current fiscal the number of credit, debit, smart and ATM cardholders increased from 3.664 million to 4.072 million, showing a growth rate of 11 percent as compared with eight percent during the previous quarter. The total number of credit cards reached to 1.257 million from 1.181 million and registered a growth of six percent as compared with 13 percent in the preceding quarter.
The total number of debit cards increased from the previous quarter figure of 2.197 million to 2.556 million in the current quarter, showing a growth rate of 16 percent as compared with a 14 percent growth rate in the preceding quarter. The total number of ATM cards is 0.137 million in the current quarter as compared with 0.175 million in the previous quarter, showing a decline of 21 percent and it is because of convergence of ATM cards into debit or smart cards. The total number of smart cards, which offer a high level of security, has reached 0.122 million at the end of 2nd quarter as compared with 0.111 million at the end of the last quarter, showing a growth of 10 percent over the last quarter.
Volume on e-banking channels: During the second quarter the number of transactions increased from 2.848 million to 3.475 million, showing growth in transactions of 22 percent and the amount by 73 percent over the last quarter, as against the 1st quarter’s growth of 24 percent and 11 percent, respectively.
Internet Banking: Internet banking is getting momentum and during the second quarter the number of transactions was 0.094 million and the amount involved was Rs 4.321 billion as compared with 0.059 million transactions involving an amount of Rs 3.635 billion in the first quarter of the same fiscal, showing a growth of 59.32 percent in number and 18.87 percent in amount over the last quarter. The transfer pertains to intra- bank account to account transfer only.
KARACHI: The commercial banks have registered a growth of 45 percent in opening new online branches in the second quarter of the current fiscal year, State Bank of Pakistan data said on Monday.
During this quarter retail payment transaction (paper based and electronic) registered a growth of 5.05 percent in numbers, whereas the value of transactions increased by 4.91 percent over the first quarter of 2005-06.
Quarterly growth on the basis of previous quarter showed growth at the rate of 5.45 percent and growth in value of transactions by 2.98 percent, whereas the growth rate was 23.46 percent and 12.20 percent in case of number of transactions and amount, respectively, in the previous quarter.
Electronic banking: The central bank data said electronic transactions have posted a growth of 3.05 percent in the number of transactions and the amount showed a growth of 66.20 percent during the current quarter. The main contributor to growth in the value is real time online funds transfer by online bank branches that posted a 73 percent increase.
During the last six quarters the transactions from paper-based banking to e-banking has increased in terms of number of transactions. However, the value has achieved a remarkable growth, which has been driven by B2B through online branch network.
Online Branch Network and Automated Teller Machines (ATMs): Online branch network is expanding to meet the funds movement needs of customers. This quarter witnessed the addition of 235 new branches in the online network. The coverage of online branches as a percentage of total branches has also increased from 41 percent in
the previous quarter to 45 percent in the current quarter. As such, the total number of online branches reached 3,265 out of total branch network of 7,245 reported by banks.
Similarly, during the second quarter of fiscal year 2005-06 banks have added 75 new ATMs in their network, bringing the total to 1,217, registering a growth of 6.6 percent as compared with 11 percent in the last quarter.
As such, 189 new machines were added in the first half of the current financial year as compared with 110 new machines added during the same period last year.
Number of (credit/ debit/smart)cardholders: At the end of second quarter of the current fiscal the number of credit, debit, smart and ATM cardholders increased from 3.664 million to 4.072 million, showing a growth rate of 11 percent as compared with eight percent during the previous quarter. The total number of credit cards reached to 1.257 million from 1.181 million and registered a growth of six percent as compared with 13 percent in the preceding quarter.
The total number of debit cards increased from the previous quarter figure of 2.197 million to 2.556 million in the current quarter, showing a growth rate of 16 percent as compared with a 14 percent growth rate in the preceding quarter. The total number of ATM cards is 0.137 million in the current quarter as compared with 0.175 million in the previous quarter, showing a decline of 21 percent and it is because of convergence of ATM cards into debit or smart cards. The total number of smart cards, which offer a high level of security, has reached 0.122 million at the end of 2nd quarter as compared with 0.111 million at the end of the last quarter, showing a growth of 10 percent over the last quarter.
Volume on e-banking channels: During the second quarter the number of transactions increased from 2.848 million to 3.475 million, showing growth in transactions of 22 percent and the amount by 73 percent over the last quarter, as against the 1st quarter’s growth of 24 percent and 11 percent, respectively.
Internet Banking: Internet banking is getting momentum and during the second quarter the number of transactions was 0.094 million and the amount involved was Rs 4.321 billion as compared with 0.059 million transactions involving an amount of Rs 3.635 billion in the first quarter of the same fiscal, showing a growth of 59.32 percent in number and 18.87 percent in amount over the last quarter. The transfer pertains to intra- bank account to account transfer only.
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