Egypt: Lending interest rate
* indicates monthly or quarterly data series
Egypt |
Interest rates on bank credit to the private sector |
---|---|
Latest value | 17.76 |
Year | 2023 |
Measure | percent |
Data availability | 1976 - 2023 |
Average | 14.05 |
Min - Max | 8.00 - 20.33 |
Source | The World Bank |
The latest value from 2023 is 17.76 percent, an increase from 10.58 percent in 2022. In comparison, the world average is 14.19 percent, based on data from 83 countries. Historically, the average for Egypt from 1976 to 2023 is 14.05 percent. The minimum value, 8 percent, was reached in 1976 while the maximum of 20.33 percent was recorded in 1992.
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The lending interest rate in Egypt 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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International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Lending-deposit interest rate spread | 3.58 | 2020 | interest rate points |
Bank cost to income ratio | 35.34 | 2021 | percent |
Bank overhead cost | 1.47 | 2021 | percent |
Net interest margin | 3.85 | 2021 | percent |
Bank credit to deposits | 36.73 | 2021 | percent |
Regulatory capital to risk-weighted assets | 13.20 | 2015 | percent |
Return on assets | 2.36 | 2021 | percent |
Return on equity | 27.97 | 2021 | percent |
Banking system z-scores | 20.60 | 2021 | index points |
Liquid assets to deposits | 52.63 | 2021 | percent |
Banking system capital to assets | 6.50 | 2014 | percent |
Non-interest income to total income | 21.82 | 2021 | percent |
Lending interest rate | 17.76 | 2023 | percent |
Real interest rate | -5.64 | 2023 | percent |
Legal rights | 5.00 | 2019 | points |
Credit information sharing | 8.00 | 2019 | points |