Banking sector spread broadened by 10 bps in May-19

MG News | June 25, 2019 at 06:17 PM GMT+05:00

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June 25, 2019 (MLN): The Banking sector spread for May 2019 has broadened by 10 basis points (bps) over the month which brings its latest value to 5.78% as compared to prior month's revised spread of 5.68%. Similarly, the spread has broadened by 96 bps as compared to the same period last year.

In accordance with the State Bank of Pakistan's monthly data released on Weighted Average Lending & Deposit Rates, the lending rate for all banks (inclusive of zero markup) broadened by 20 bps as it stood at 11.12%. Meanwhile, the deposit rate broadened by 10 bps over month, thus bringing the latest rate to 5.34%.

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