BOG re­ports in­ter­est rates on de­posits,loans

The Pak Banker - - 6BUSINESS -

In Jan­uary 2013, the over­all av­er­age in­ter­est rate on new de­posits de­creased, while the cor­re­spond­ing in­ter­est rate on new loans in­creased. The in­ter­est spread be­tween loan and de­posit rates in­creased by 16 ba­sis points to 3.07 per­cent­age points.

More specif­i­cally, in Jan­uary 2013, the av­er­age in­ter­est rates on overnight de­posits from house­holds and from non­fi­nan­cial cor­po­ra­tions re­mained al­most un­changed at 0.48% and 0.47% re­spec­tively.

The av­er­age in­ter­est rate on de­posits from house­holds with an agreed ma­tu­rity of up to one year de­creased by 11 ba­sis points to 4.59%. The over­all av­er­age in­ter­est rate on all new de­posits de­creased by 4 ba­sis points to 2.81%.

In the case of loans, the av­er­age in­ter­est rate on con­sumer loans with­out a de­fined ma­tu­rity (a cat­e­gory which in­cludes credit card debt, open ac­count loans and debit bal­ances on cur­rent ac­counts) re­mained al­most un­changed, in Jan­uary 2013, at 14.77%. On the con­trary, the av­er­age in­ter­est rate on con­sumer loans with a de­fined ma­tu­rity at a float­ing rate or with an ini­tial rate fix­a­tion pe­riod of up to one year in­creased by 31 ba­sis points to 7.91%.

The av­er­age in­ter­est rate on cor­po­rate loans with­out a de­fined ma­tu­rity de­creased by 6 ba­sis points to 7.46%, while the cor­re­spond­ing rate on loans to sole pro­pri­etors re­mained un­changed at 10.03%. The av­er­age in­ter­est rates on cor­po­rate loans with a de­fined ma­tu­rity at a float­ing rate or with an ini­tial rate fix­a­tion pe­riod.

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