Banking sector spread decrease by 39 bps in September
MG News | October 21, 2020 at 11:40 PM GMT+05:00
October 21, 2020 (MLN): The Banking sector spread for September 2020 compressed by 39 basis points (bps) over the month which brings its latest value to 4.49% as compared to prior month's spread of 4.88%.
In a similar fashion, the spread has narrowed down by 168 bps as compared to the same period last year.
Pursuant 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) compressed by 46 bps as it stood at 8.26%.
Meanwhile, the deposit rate decreased by 7 bps over month, thus bringing the latest rate to 3.77%.
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