Banking sector spread shrinks by 99 bps YoY in February

MG News | March 22, 2021 at 01:12 PM GMT+05:00

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March 22, 2021 (MLN): The Banking sector spread for February 2021 remained static at 4.38% as it showed almost no change over prior month's spread. However, the spread has contracted by 99 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) curtailed by 2 bps as it stood at 7.93%. Meanwhile, the deposit rate mitigated by 2 bps over month, thus bringing the latest rate to 3.56%.

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