Banking Sector spreads remain subdued in October

MG News | November 25, 2019 at 07:00 PM GMT+05:00

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November 25, 2019 (MLN): The Banking sector spread for October 2019 slightly depressed by 4 basis points (bps) over the month which brings its latest value to 6.13% as compared to prior month's spread of 6.17%. Alternatively, the spread has inched up by 110 bps as compared to the same period last year.

In accordance 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) grown by 13 bps as it stood at 12.82%. Meanwhile, the deposit rate broadened by 17 bps over month, thus bringing the latest rate to 6.69%.

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