Banking spread expands by 34bps MoM to 4.6% in February

MG News | March 22, 2022 at 12:48 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 22, 2022 (MLN): The banking sector spread for the month of February 2022 increased by 34 basis points (bps) over the month which brings its latest value to 4.61% as compared to the prior month's spread of 4.26%, State Bank of Pakistan's monthly data released on weighted average lending & deposit rates showed today.

Similarly, compared to the same month last year, the spread has increased by 24bps as it stood at 4.38% in February 2021.

As per data, the lending rate for all banks jumped by 27bps MoM and 168bps YoY to stand at 9.62%. Meanwhile, the deposit rate clocked in at 5%, declining by 7bps over the month while improving by 145bps over the year in February 2022.

In addition, fresh lending rates stood at 10.32% during the month under review, down by 46bps MoM, while on yearly basis, it rose 264bps. Fresh deposit rates were reduced by 128bps MoM and increased by 196bps to 5.06%.

Thus, fresh banking spread during February 2022 stood at 5.25%, depicting a growth of 81bps MoM and 68bps YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	59,205.00	61,900.00 57,960.00	-630.00 -1.05%
BRENT CRUDE	75.65	75.84 72.06	1.91 2.59%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.75 0.66%
ROTTERDAM COAL MONTHLY	126.25	126.25 126.25	0.35 0.28%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	72.31	72.50 68.90	1.97 2.80%
SUGAR #11 WORLD	14.12	14.18 13.86	0.10 0.71%