Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Banking sector spread decrease marginally in May

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June 21, 2021 (MLN): The Banking sector spread for May 2021 slightly contracted by 2 basis points (bps) over the month which brings its latest value to 4.44% as compared to prior month's spread of 4.46%. Likewise, the spread has contracted by 121 bps as compared to the same period last year.

Consistent with 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) contracted by 7 bps as it stood at 7.93%. Meanwhile, the deposit rate reduced by 5 bps over month, thus bringing the latest rate to 3.48%.

 

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Posted on: 2021-06-21T19:55:00+05:00

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