Banking sector spread drops by 13 bps MoM in Dec'20

MG News | January 21, 2021 at 02:57 PM GMT+05:00

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January 21, 2021 (MLN): The Banking sector spread for December 2020 decreased by 13 basis points (bps) over the month which brings its latest value to 4.35% as compared to prior month's spread of 4.48%. Similarly, the spread has reduced by 172 bps as compared to the same period last year.

In line 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) decreased by 15 bps as it stood at 7.96%. Meanwhile, the deposit rate shrunk by 3 bps over month, thus bringing the latest rate to 3.61%.

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