Banking sector spread jumps 13bps in June

MG News | July 22, 2024 at 06:03 PM GMT+05:00
July 22, 2024 (MLN): The banking sector spread has increased by 13 basis points (bps) to 7.26% in June 2024 as compared to a spread of 7.13% in the previous month, the State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed.
On a yearly basis, the banking sector spread has decreased by 37bps as compared to a spread of 7.62% in June 2023.
The lending rate for all banks went up by 5bps MoM and by 92bps YoY to stand at 19.02% in June 2024.
Meanwhile, the deposit rate stood at 11.76%, 8bps lower than the previous month and 129bps higher than the previous year.
In addition, fresh lending rates stood at 20.24% during the month under review, down by 63bps MoM and by 17bps YoY,
The fresh deposit rates increased by 7bps MoM to 10.29%. While compared to June 2023, fresh deposit rates have decreased by 14bps YoY.
As a result, the banking sector spread on fresh deposits fell 70bps MoM to 9.96% in June.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 148,617.78 624.60M | 0.86% 1274.27 |
ALLSHR | 91,685.08 1,340.28M | 0.74% 669.39 |
KSE30 | 45,247.79 197.43M | 0.83% 370.74 |
KMI30 | 212,370.79 224.51M | 1.05% 2209.48 |
KMIALLSHR | 61,227.89 711.87M | 1.18% 715.56 |
BKTi | 41,264.02 160.39M | 0.54% 221.73 |
OGTi | 30,019.10 23.63M | 0.64% 190.41 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,265.00 | 113,390.00 108,020.00 | -4475.00 -3.97% |
BRENT CRUDE | 67.46 | 67.94 67.29 | -0.52 -0.76% |
RICHARDS BAY COAL MONTHLY | 88.70 | 88.70 88.70 | -0.75 -0.84% |
ROTTERDAM COAL MONTHLY | 96.15 | 96.75 96.00 | -0.40 -0.41% |
USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
CRUDE OIL - WTI | 64.01 | 64.55 63.88 | -0.59 -0.91% |
SUGAR #11 WORLD | 16.34 | 16.52 16.33 | -0.14 -0.85% |
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 |
---|