Dominican Republic: Lending interest rate
* indicates monthly or quarterly data series
| Dominican Republic |
Interest rates on bank credit to the private sector |
|---|---|
| Latest value | 15.25 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1991 - 2024 |
| Average | 20.25 |
| Min - Max | 9.61 - 35.26 |
| Source | The World Bank |
The latest value from 2024 is 15.25 percent, an increase from 14.43 percent in 2023. In comparison, the world average is 12.85 percent, based on data from 85 countries. Historically, the average for Dominican Republic from 1991 to 2024 is 20.25 percent. The minimum value, 9.61 percent, was reached in 2021 while the maximum of 35.26 percent was recorded in 1991.
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* indicates monthly or quarterly data series
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The lending interest rate in Dominican Republic 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 | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 7.80 | 2017 | interest rate points |
| Bank cost to income ratio | 63.40 | 2021 | percent |
| Non-performing loans | 0.93 | 2023 | percent |
| Bank overhead cost | 5.49 | 2021 | percent |
| Net interest margin | 7.09 | 2021 | percent |
| Bank credit to deposits | 91.12 | 2021 | percent |
| Regulatory capital to risk-weighted assets | 17.73 | 2019 | percent |
| Return on assets | 2.26 | 2021 | percent |
| Return on equity | 23.07 | 2021 | percent |
| Banking system z-scores | 32.58 | 2021 | index points |
| Liquid assets to deposits | 14.09 | 2021 | percent |
| Banking system capital to assets | 10.43 | 2019 | percent |
| Non-interest income to total income | 32.05 | 2021 | percent |
| Lending interest rate | 15.25 | 2024 | percent |
| Real interest rate | 10.53 | 2024 | percent |
| Legal rights | 1.00 | 2019 | points |
| Credit information sharing | 8.00 | 2019 | points |