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Banking sector spread narrows down by 24 bps MoM in July

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August 23, 2021 (MLN): The Banking sector spread for July 2021 narrowed down by 24 basis points (bps) over the month which brings its latest value to 4.24% as compared to prior month's spread of 4.48%. Similarly, the spread has reduced by 76 bps as compared to the same period last year.

Consistent with 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) narrowed down by 16 bps as it stood at 7.82%. Meanwhile, the deposit rate increased by 8 bps over month, thus bringing the latest rate to 3.58%.

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Posted on: 2021-08-23T18:46:00+05:00

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