Turkey: Business credit interest rate

* indicates monthly or quarterly data series
 Turkey

Business credit interest rate, percent

 Latest value 53.48
 Reference December 2023
 Measure percent
 Data availability January 2002 - December 2023
 Average 19.54
 Min - Max 8.09 - 60.33
 Source Central Bank of the Republic of Turkey
For that indicator, we provide data for Turkey from January 2002 to December 2023. The average value for Turkey during that period was 19.54 percent with a minimum of 8.09 percent in May 2013 and a maximum of 60.33 percent in February 2002. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Turkey - Business credit interest rate - recent values

Historical chart
Turkey - Business credit interest rate - historical chart - 2002-2023
Measure: percent
Source: Central Bank of the Republic of Turkey


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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

 Related indicators Latest value Reference Measure
 Inflation 72.3 2022 percent
 Money supply (broad money) 12,374.66 9/2023 billion
 Consumer Price Index (CPI) 648.4500 9/2023 index points
 Inflation, monthly 4.74 9/2023 percent
 Inflation, annual 61.67 9/2023 percent
 Private sector credit 8,175.39 9/2023 billion
 Business credit 5,851.10 9/2023 billion
 Household credit 2,324.29 9/2023 billion
 Mortgage credit 402.42 9/2023 billion
 Consumer credit 1,921.88 9/2023 billion
 Deposit interest rate 35.61 9/2023 percent
 Business credit interest rate 45.27 9/2023 percent
 Mortgage credit interest rate 42.21 9/2023 percent
 Policy rate 30.00 9/2023 percent
 Household debt to GDP 11.10 9/2022 percent
 Debt service ratios for private non-financial sector 19.40 Q3/2022 percent
 USD exchange rate 26.9956 9/2023 Local Currency Units per USD
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