Banking sector spread declines 11bps MoM in December

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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,768.83 429.19M	-0.28% -493.50
ALLSHR	107,562.24 833.87M	-0.26% -275.20
KSE30	53,174.39 99.08M	-0.32% -173.28
KMI30	251,110.47 134.29M	-0.16% -399.90
KMIALLSHR	69,033.94 551.21M	-0.20% -139.92
BKTi	50,785.58 18.10M	-0.55% -279.15
OGTi	35,060.11 5.35M	-0.53% -188.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,420.00	64,810.00 63,035.00	-1545.00 -2.38%
BRENT CRUDE	85.83	88.06 84.70	-2.53 -2.86%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	80.67	82.43 79.80	-1.94 -2.35%
SUGAR #11 WORLD	14.60	14.70 14.54	0.02 0.14%