Banking sector spread increases by 18 bps MoM in January

By MG News | February 21, 2022 at 12:27 PM GMT+05:00
February 21, 2022 (MLN): The banking sector spread for the month of January 2022 increased by 18 basis points (bps) over the month which brings its latest value to 4.26% as compared to the prior month's spread of 4.08%, State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed today.
However, compared to the same month last year, the spread has reduced by 11bps as it stood at 4.37% in January 2021.
As per data, the lending rate for all banks jumped by 65bps MoM and 139bps YoY to stand at 9.34%. Meanwhile, the deposit rate clocked in at 5.08%, improved by 47bps over the month and 150bps over the year in January 2022.
In addition, fresh lending rates stood at 10.78% during the month under review, up by 111bps MoM and 294bps YoY, while fresh deposit rates increased by 55bps MoM and 328bps to 6.34%.
Thus, fresh banking spread during January 2022 stood at 4.44%, depicting a growth of 56bps MoM. While compared to the same month last year, it declined by 34bps.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 131,949.07 198.95M |
0.97% 1262.41 |
ALLSHR | 82,069.26 730.83M |
0.94% 764.01 |
KSE30 | 40,387.76 80.88M |
1.11% 442.31 |
KMI30 | 191,376.82 77.76M |
0.36% 678.77 |
KMIALLSHR | 55,193.97 350.11M |
0.22% 119.82 |
BKTi | 35,828.25 28.42M |
3.64% 1259.85 |
OGTi | 28,446.34 6.84M |
-1.02% -293.01 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,125.00 | 110,525.00 107,865.00 |
-2290.00 -2.07% |
BRENT CRUDE | 68.51 | 68.89 67.75 |
-0.29 -0.42% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
ROTTERDAM COAL MONTHLY | 106.00 | 106.00 105.85 |
-2.20 -2.03% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.50 | 67.18 66.04 |
-0.50 -0.75% |
SUGAR #11 WORLD | 16.37 | 16.40 15.44 |
0.79 5.07% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|