Interest Rate on Bank Loans (Local Currency) fell 4.41% to 6.50% in Palestine in 2016

Interest Rate on Bank Loans (Local Currency) (%), 2016
Banking | Palestine | May 17, 2019
$2.99
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Interest rate on bank loans fell 4.41% to 6.50% in Palestine in 2016, according to the National Central Bank.

Historically, interest rate on bank loans in Palestine reached an all time high of 8.40% in 2001 and an all time low of 6.20% in 2009. When compared to Palestine's main peers, interest rate on bank loans in Egypt amounted to 13.6%, 3.42% in Israel, 8.12% in Jordan and 8.23% in Lebanon in 2016.

Palestine has been ranked 86th within the group of 134 countries we follow in terms of interest rate on bank loans, 21 places above the position seen 10 years ago.

Interest Rate on Bank Loans (Local Currency) Unit 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cyprus % 6.83% 7.05% 6.89% 5.88% 4.69% ...
Egypt % 11.0% 12.0% 12.3% 11.7% 11.6%
Iraq % ... ... ... ... ... 14.1% 13.9% 13.6% 12.6% 12.3% ...
Israel % 5.97% 5.55% 4.53% 3.91% 3.46%
Jordan % 8.71% 8.78% 9.01% 8.99% 8.48%
Lebanon % ... 7.38% 7.07% 7.29% 7.49% 7.45%
Libya % ... ... 6.00% 6.00% 6.00% 6.00% ... ... ...
Palestine % ... ... ... ... 6.80% 7.00% 7.50% 6.40% 6.80% ...
Saudi Arabia % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Sudan % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Syria % 9.65% ... ... ... ... ... ...