Benin: Lending interest rate

* indicates monthly or quarterly data series
 Benin

Interest rates on bank credit to the private sector

 Latest value 6.25
 Year 2021
 Measure percent
 Data availability 2005 - 2021
 Average 5.71
 Min - Max 4.74 - 8.04
 Source The World Bank
For that indicator, we provide data for Benin from 2005 to 2021. The average value for Benin during that period was 5.71 percent with a minimum of 4.74 percent in 2006 and a maximum of 8.04 percent in 2005. The latest value from 2021 is 6.25 percent. For comparison, the world average in 2021 based on 106 countries is 9.96 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Benin - Lending interest rate - Recent values chart

Historical chart
Benin - Lending interest rate - historical chart - 2005-2021




The lending interest rate in Benin shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

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 Related indicators Latest value Reference Measure
 Lending-deposit interest rate spread 0.44 2005 interest rate points
 Bank cost to income ratio 69.25 2019 percent
 Bank overhead cost 3.08 2019 percent
 Net interest margin 3.14 2019 percent
 Bank credit to deposits 62.48 2021 percent
 Return on assets 0.67 2019 percent
 Return on equity 9.51 2019 percent
 Banking system z-scores 11.90 2019 index points
 Liquid assets to deposits 27.30 2019 percent
 Non-interest income to total income 32.93 2019 percent
 Lending interest rate 6.25 2021 percent
 Real interest rate 4.56 2021 percent
 Legal rights 6.00 2019 points
 Credit information sharing 0.00 2019 points
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