Banking sector spread shrinks to 4.88% in August

News Image

MG News | September 23, 2020 at 03:20 PM GMT+05:00

0:00

September 23, 2020 (MLN): The Banking sector spread for August 2020 depressed by 12 basis points (bps) over the month which brings its latest value to 4.88% as compared to prior month's spread of 5%. Similarly, the spread has contracted by 102 bps as compared to the same period last year.

The decrease in banking spread was led by relatively higher decline in lending rates as according to 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) depressed by 22 bps to stand at 8.72%. Meanwhile, the deposit rate contracted by 10 bps over month, thus bringing the latest rate to 3.84%.

As per the report by Sherman Securities, banking spread has room for slight decline of 15-20bps, as delayed impact of policy rate cut on lending rates is largely incorporated.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,255.00 117,795.00
116,905.00
-515.00
-0.44%
BRENT CRUDE 67.40 67.57
67.32
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.18 63.35
63.10
-0.08
-0.13%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 19, 2025 at 09:05 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg