Albania: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 6.79 percent as of December 2022, a decline compared to the previous value of 7.27 percent. Historically, the average for Albania from December 2015 to December 2022 is 6.4 percent. The minimum of 4.71 percent was recorded in April 2017, while the maximum of 8.86 percent was reached in August 2016.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Albania
Recent values | Albania: Business credit interest rate, percent |
---|---|
2022  Dec | 6.79 |
2022  Nov | 7.27 |
2022  Oct | 6.81 |
2022  Sep | 6.44 |
2022  Aug | 6.27 |
2022  Jul | 5.75 |
2022  Jun | 5.55 |
2022  May | 5.98 |
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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Inflation | 6.7 | 2022 | percent |
Exchange rate regimes | 7 | 2022 | index points |
USD exchange rate | 90.5517 | 10/2024 | Local Currency Units per USD |
Money supply (broad money) | 991.56 | 9/2024 | billion |
Consumer Price Index (CPI) | 117.5051 | 9/2024 | index points |
Inflation, monthly | 0.63 | 9/2024 | percent |
Inflation, annual | 1.91 | 9/2024 | percent |
Private sector credit | 773.60 | 9/2024 | billion |
Business credit | 460.49 | 9/2024 | billion |
Household credit | 313.11 | 9/2024 | billion |
Mortgage credit | 200.63 | 9/2024 | billion |
Consumer credit | 112.48 | 9/2024 | billion |
Deposit interest rate | 1.13 | 12/2022 | percent |
Business credit interest rate | 6.79 | 12/2022 | percent |
Mortgage credit interest rate | 4.53 | 12/2022 | percent |