Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Banking sector spread widens by 15bps in April

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

May 21, 2021 (MLN): The Banking sector spread for April 2021 grown by 15 basis points (bps) over the month which brings its latest value to 4.46% as compared to the prior month's spread of 4.31%. In contrast, the spread has contracted by 72 bps as compared to the same period last year.

Going by 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) grown by 16 bps as it stood at 8%. Meanwhile, the deposit rate compressed by 0 bps over the month, thus bringing the latest rate to 3.53%.

Copyright Mettis Link News

Posted on: 2021-05-21T10:22:00+05:00

41233