* indicates monthly or quarterly data series
Greece: Interest rates on bank credit to the private sector: For that indicator, The World Bank provides data for Greece from 1960 to 2003. The average value for Greece during that period was 15.5 percent with a minumum of 6.79 percent in 2003 and a maximum of 29.45 percent in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.
The lending interest rate in Greece 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.