Banking sector spread increase by 7 bps in October

MG News | November 24, 2020 at 01:34 PM GMT+05:00

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November 24, 2020 (MLN): The Banking sector spread for October 2020 have marginally grown by 7 basis points (bps) over the month which brings its latest value to 4.65% as compared to prior month's spread of 4.58%. On the contrary, the spread has compressed by 148 bps as compared to the same period last year.

According 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) grown by 6 bps as it stood at 8.4%. Meanwhile, the deposit rate narrowed down by 3 bps over month, thus bringing the latest rate to 3.74%.

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