Banking Sector Spread decrease by 37 bps in January

MG News | February 25, 2020 at 06:40 PM GMT+05:00

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February 25, 2020 (MLN): The Banking sector spread for January 2020 mitigated by 37 basis points (bps) over the month which brings its latest value to 5.70% as compared to prior month's spread of 6.07%. On the other hand, the spread has dilated by 28 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) mitigated by 7 bps as it stood at 12.65%. Meanwhile, the deposit rate expanded by 30 bps over month, thus bringing the latest rate to 6.95%.

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