Banking Sector Spread decrease by 37 bps in January

News Image

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

0:00

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%.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,312.38
166.99M
-0.02%
-31.66
ALLSHR 81,064.42
533.83M
0.05%
40.43
KSE30 39,853.71
67.89M
-0.14%
-54.55
KMI30 189,918.53
84.49M
0.20%
383.53
KMIALLSHR 54,864.23
270.17M
0.15%
80.58
BKTi 34,628.14
16.60M
-0.89%
-312.60
OGTi 28,491.93
12.19M
0.69%
195.88
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,050.00 110,195.00
109,200.00
-235.00
-0.21%
BRENT CRUDE 68.62 69.00
68.41
-0.49
-0.71%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 0.00
0.00
0.20
0.18%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.95 67.50
66.78
-0.50
-0.74%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 03, 2025 at 12:03 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 03, 2025 at 10:45 AM GMT+05:00

Population crisis declared national emergency


July 03, 2025 at 10:22 AM GMT+05:00

Bunny’s starts bread production in Islamabad



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg