March 26, 2019 (MLN): Banking sector spread for February 2019 has marked a slight growth of 8 basis points (bps) over prior month which brings the latest figure to 5.5% according to data maintained by the State bank of Pakistan.

Going by the central bank’s prior records, the spread has grown for the fifth month straight.

As per the data, lending rate for all banks (inclusive of zero markup) is 10.46% while the deposit rate is 4.96%.

Compared to the same period last year, the banking sector spread has risen by 73 bps, up from 4.77%, whereas during the seven months of current financial year, the spread has increased by 65 bps, up from 4.85%.

The lending rate in February 2018 was 7.69% which marks a rise of 277 bps over the year. On the other hand, the deposit rate last year was 2.92% meaning the figure has increased by 204 bps.

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