Serbia: Interest rates on bank credit to the private sector
For that indicator, The World Bank provides data for Serbia from 1997 to 2015. The average value for Serbia during that period was 12.68 percent with a minumum of 2.59 percent in 2003 and a maximum of 78.7 percent in 2000.
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The lending interest rate in Serbia 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.