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Banking sector spread shrinks by 17 bps MoM in November

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December 21, 2020 (MLN): The Banking sector spread for November 2020 decreased by 17 basis points (bps) over the month which brings its latest value to 4.48% as compared to prior month's spread of 4.65%. Similarly, the spread has shrunk by 153 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) decreased by 29 bps as it stood at 8.11%. Meanwhile, the deposit rate narrowed down by 10 bps over month, thus bringing the latest rate to 3.64%.

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Posted on: 2020-12-21T15:51:00+05:00

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