Iceland: Legal rights
* indicates monthly or quarterly data series
Iceland |
Index of legal rights for creditors and borrowers (0 = weak to 12 = strong) |
---|---|
Latest value | 4.00 |
Year | 2019 |
Measure | points |
Data availability | 2013 - 2019 |
Average | 4.00 |
Min - Max | 4.00 - 4.00 |
Source | The World Bank |
The latest value from 2019 is 4 points, unchanged from 4 points in 2018. In comparison, the world average is 5.69 points, based on data from 186 countries. Historically, the average for Iceland from 2013 to 2019 is 4 points. The minimum value, 4 points, was reached in 2013 while the maximum of 4 points was recorded in 2013.
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Recent data
The index of legal right for creditors and borrowers in Iceland ranges from 0 (no rights) to 12 (strong rights). Stronger legal rights such as efficient bankruptcy procedures, rules for financial disclosure, clear property rights, etc. facilitate lending.
Definition: The strength of legal rights index measures whether certain features that facilitate lending exist within the applicable collateral and bankruptcy laws. The index ranges from 0 to 12 based on the methodology in the Doing Business 15-20 studies.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Bank cost to income ratio | 46.50 | 2021 | percent |
Non-performing loans | 1.40 | 2022 | percent |
Bank overhead cost | 1.74 | 2021 | percent |
Net interest margin | 2.62 | 2021 | percent |
Bank credit to deposits | 146.17 | 2021 | percent |
Regulatory capital to risk-weighted assets | 24.92 | 2020 | percent |
Return on assets | 2.33 | 2021 | percent |
Return on equity | 15.05 | 2021 | percent |
Banking system z-scores | 1.28 | 2021 | index points |
Liquid assets to deposits | 40.45 | 2021 | percent |
Banking system capital to assets | 15.74 | 2020 | percent |
Non-interest income to total income | 35.14 | 2021 | percent |
Lending interest rate | 11.53 | 2023 | percent |
Real interest rate | 5.32 | 2023 | percent |
Legal rights | 4.00 | 2019 | points |
Credit information sharing | 7.00 | 2019 | points |