Banking sector spread decrease by 12 bps in November

By MG News | December 24, 2019 at 05:34 PM GMT+05:00

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December 24, 2019 (MLN): The Banking sector spread for November 2019 depressed by 12 basis points (bps) over the month which brings its latest value to 6.01% as compared to prior month's spread of 6.13%. Alternatively, the spread has unfolded by 86 bps as compared to the same period last year.

According to 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) depressed by 8 bps as it stood at 12.74%. Meanwhile, the deposit rate unfolded by 4 bps over month, thus bringing the latest rate to 6.73%.

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