Russia: Interest rates on bank credit to the private sector: For that indicator, The World Bank provides data for Russia from 1997 to 2000. The average value for Russia during that period was 34.5 percent with a minumum of 24.43 percent in 2000 and a maximum of 41.79 percent in 1998. See the global rankings for that indicator or use the country comparator to compare trends over time.
The lending interest rate in Russia 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.