Banking sector spread declines 11bps MoM in December

MG News | January 20, 2022 at 11:35 AM GMT+05:00

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January 20, 2022 (MLN): The banking sector spread for the month of December 2021 decreased by 11 basis points (bps) over the month which brings its latest value to 4.07% as compared to the prior month's spread of 4.18%, State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed today.

Similarly, the spread has reduced by 28 bps as compared to the same month last year.

As per data, the lending rate for all banks jumped by 66bps MoM and 72bps YoY to stand at 8.68%. Meanwhile, the deposit rate clocked in at 4.61%, up by 77bps over the month and 100bps over the year in December 2021.

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