Banking sector spread rises by over 6% in Sept

MG News | October 24, 2019 at 02:50 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 24, 2019 (MLN): The Banking sector spread for September 2019 increased by 27 basis points (bps) over the month which brings its latest value to 6.17% as compared to prior month's spread of 5.9%. Likewise, the spread has increased by 135 bps as compared to the same period last year.

As per 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) increased by 32 bps as it stood at 12.69%. Meanwhile, the deposit rate grown by 5 bps over month, thus bringing the latest rate to 6.52%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,374.88 110.96M	-0.95% -1549.44
ALLSHR	98,620.11 386.58M	-0.91% -906.77
KSE30	47,823.16 51.47M	-1.02% -490.65
KMI30	232,733.99 57.93M	-1.23% -2903.19
KMIALLSHR	63,955.68 197.75M	-1.12% -727.41
BKTi	44,724.17 14.61M	-1.01% -457.04
OGTi	33,033.72 5.00M	-1.08% -361.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,205.00	81,450.00 80,040.00	-1000.00 -1.23%
BRENT CRUDE	115.76	115.88 115.72	-0.96 -0.82%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-0.35 -0.27%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	0.10 0.07%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	102.21	102.63 102.10	-1.06 -1.03%
SUGAR #11 WORLD	20.26	20.51 20.02	0.13 0.65%