Banking sector Spread Increase by 6 bps in December

MG News | January 24, 2020 at 06:45 PM GMT+05:00

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January 24, 2020 (MLN): The Banking sector spread for December 2019 slightly scaled up by 6 basis points (bps) over the month which brings its latest value to 6.07% as compared to prior month's spread of 6.01%. Similarly, the spread has grown by 87 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 2 bps as it stood at 12.72%. Meanwhile, the deposit rate dimished by 8 bps over month, thus bringing the latest rate to 6.65%.

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