Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Banking sector spread mitigates by 77 bps to 5% in July

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

August 24, 2020 (MLN): The Banking sector spread for July 2020 susbstantially mitigated by 77 basis points (bps) over the month which brings its latest value to 5% as compared to prior month's spread of 5.77%. In a similar fashion, the spread has narrowed down by 103 bps as compared to the same period last year.

Going by 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) mitigated by 114 bps as it stood at 8.94%. Meanwhile, the deposit rate mitigated by 37 bps over month, thus bringing the latest rate to 3.94%.

Copyright Mettis Link News

Posted on: 2020-08-24T14:35:00+05:00

36509