Banking sector spread diminishes by 13 bps in August

MG News | September 24, 2019 at 04:34 PM GMT+05:00

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September 24, 2019 (MLN): The Banking sector spread for August 2019 decreased by 13 basis points (bps) over the month, which brings its latest value to 5.9% as compared to prior month's spread of 6.03%. Alternatively, the spread has enhanced by 107 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) scaled up by 16 bps as it stood at 12.37%. Meanwhile, the deposit rate broadened by 29 bps over month, thus bringing the latest rate to 6.47%.

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