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	185,543.01 576.35M	-0.52% -975.70
ALLSHR	110,883.95 1,421.07M	-0.21% -234.71
KSE30	56,998.00 313.06M	-0.83% -479.10
KMI30	261,472.18 320.16M	-0.88% -2323.37
KMIALLSHR	71,138.29 707.65M	-0.30% -213.12
BKTi	54,074.14 81.81M	-1.08% -590.97
OGTi	36,259.39 25.98M	-0.18% -64.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,460.00	91,645.00 91,460.00	355.00 0.39%
BRENT CRUDE	62.70	63.02 59.96	2.74 4.57%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	97.90	98.15 97.75	-0.80 -0.81%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.34	58.45 58.27	0.58 1.00%
SUGAR #11 WORLD	14.96	15.08 14.90	-0.02 -0.13%