Banking sector spread slumps by 2.26% YoY in February

News Image

MG News | March 24, 2023 at 01:35 PM GMT+05:00

March 24, 2023 (MLN): The banking sector spread for the month of February 2023 has slumped by 2.26% YoY and 22 basis points (bps) MoM to 6.84% as compared to a spread of 4.58% in February 2022 and 7.06% in January 2023, respectively, the State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed.

The lending rate for all banks jumped by 41bps MoM and 5.92% YoY to stand at 15.50% in February 2023. 

Meanwhile, the deposit rate clocked in at 8.66%, improved by 63bps over the month and 3.66% over the year in February 2022.

In addition, fresh lending rates stood at 17.95% during the month under review, up by 77bps MoM and 7.61% YoY, while fresh deposit rates increased by 2.36% MoM and 4.76% to 9.85%.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,920.00 77,935.00
76,105.00
1145.00
1.51%
BRENT CRUDE 98.06 98.88
97.12
1.92
2.00%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 91.55 93.90
89.41
-5.05
-5.23%
SUGAR #11 WORLD 14.68 0.00
0.00
-0.02
-0.14%

Chart of the Day


Latest News
May 26, 2026 at 04:42 AM GMT+05:00

BankIslami launches FOCUS


May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD



Top 5 things to watch in this week

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