Equity Analysis /

PAKISTAN BANKS: Set to benefit from rising interest rates

    Rohit Kumar
    Rohit Kumar

    Global Financials/Thematics

    Tellimer Research
    16 July 2018
    Published byTellimer Research
    The State Bank of Pakistan increased its policy rate by 100bps to 7.50% at its 14 July policy meeting, bringing the cumulative YTD rate hikes to 175bps. Rising rates are positive for banks’ margins and are likely to drive 2019 net interest income growth of 16-24%.