Banking Spread declines by 1.32% YoY in January

February 22, 2021 (MLN): The Banking sector spread for January 2021 marginally dilated by 3 basis points (bps) over the month which brings its latest value to 4.38% as compared to prior month's spread of 4.35%. In contrast, the spread has reduced by 132 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) shrunk by 1 bps as it stood at 7.95%. Meanwhile, the deposit rate compressed by 3 bps over month, thus bringing the latest rate to 3.58%.

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Posted on: 2021-02-22T16:12:00+05:00