Commercial Banks: Spreads remain above 6% during Nov-2019 – By JS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During Nov-2019, weighted average banking spreads clocked in 86bps YoY higher at 6.01%, remaining above 6% for the third consecutive month. This was due to a higher increase in lending rates (+367bps YoY) compared to the uptick witnessed in deposits rates (+281bps YoY).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Recent lending rates do not reflect the complete interest rate rise impact yet, as they remain below average 6MKIBOR during Nov-2019 (K minus 78bps), which suggests potential further upward adjustments in lending rates.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During 11MCY19, the sector&rsquo;s deposit growth stayed relatively sluggish (+9% YoY; 7% YTD),...