HBL gross spread stands at 59%

Gross spread of the HBL stood at 59 percent in 1QCY11 versus 56 percent in 1QCY10 due to increase in earning assets and yield on the same.

Average yield on earnings assets stood at 10.24 percent in 1QCY11 versus 9.93 percent in 1QCY10. Average yield on interest bearing liabilities fell by 19 bps to 4.58 percent in 1QCY11 mainly attributable to 25 percent growth in current account deposits.

Consequently, average spread stayed at 5.66 percent in 1QCY11, depicting an increase of 51 bps.

From: Daily Times