Interest Rate on Bank Loans (Local Currency) in Ethiopia

Interest rate on bank loans reached 8.00% in 2008 in Ethiopia, according to the National Central Bank. This is 6.67% more than in the previous year.

Historically, interest rate on bank loans in Ethiopia reached an all time high of 15.1% in 1995 and an all time low of 6.00% in 1987.

Ethiopia has been ranked 107th within the group of 153 countries we follow in terms of interest rate on bank loans.