Banking sector spread increases by 35 bps to 5.02% in April

MG News | May 21, 2022 at 12:04 AM GMT+05:00

0:00

May 20, 2022 (MLN): The banking sector spread for the month of April 2022 increased by 35 basis points (bps) over the month which brings its latest value to 5.02% as compared to the prior month's spread of 4.67%, State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed today.

Similarly, compared to the same month last year, the spread has increased by 52bps as it stood at 4.5% in April 2021.

As per data, the lending rate for all banks jumped by 65bps MoM and 226bps YoY to stand at 10.26%. Meanwhile, the deposit rate clocked in at 5.24%, increased by 3bps over the month while improved by 171bps over the year in April 2022.

In addition, fresh lending rates stood at 11.87% during the month under review, up by 128bps MoM, while on yearly basis, it rose by 384bps. Fresh deposit rates increased by 68bps MoM and 250bps YoY to 5.78%.

Thus, fresh banking spread during April 2022 stood at 6.09%, depicting a growth of 6bps MoM and 139bps YoY.

Copyright Mettis Link New

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	87,265.00	90,115.00 87,240.00	-485.00 -0.55%
BRENT CRUDE	61.58	62.67 61.52	-0.66 -1.06%
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	57.80	58.88 57.74	-0.55 -0.94%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%