Banking sector spread increase by 7 bps in October

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

0:00

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%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,370.00	90,115.00 86,915.00	-380.00 -0.43%
BRENT CRUDE	61.23	62.67 61.14	-1.01 -1.62%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.32	58.88 57.21	-1.03 -1.77%
SUGAR #11 WORLD	15.18	15.28 15.08	-0.11 -0.72%