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Banking sector spread decrease by 7 bps in March

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April 20, 2021 (MLN): The Banking sector spread for March 2021 marginally decreased by 7 basis points (bps) over the month which brings its latest value to 4.31% as compared to prior month's spread of 4.38%. In a similar fashion, the spread has alleviated by 88 bps as compared to the same period last year.

Going by 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 9 bps as it stood at 7.84%. Meanwhile, the deposit rate contracted by 3 bps over month, thus bringing the latest rate to 3.53%.

 

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Posted on: 2021-04-20T18:30:00+05:00

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