Banking spread remains static at 5.7% in June-19

MG News | July 23, 2019 at 05:58 PM GMT+05:00

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July 23, 2019 (MLN): The Banking sector spread remained static 5.78% for the month of June 2019, showing almost no change over prior month's spread. However, it widened by 93.6 bps as compared to the spread of same period in 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) widened by 38 bps as it stood at 11.49%. Meanwhile, the deposit rate widened by 36 bps over month, thus maintaining the latest rate at 5.7%.

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