Interest Rate on Bank Loans fell to 6.50% in Palestine in 2016

Interest Rate on Bank Loans (%)
Banking | Palestine | May 17, 2019
$2.99
Excel Sheet

Interest rate on bank loans reached 6.50 % in 2016 in Palestine, according to the National Central Bank. This is 4.41 % less than in the previous year.

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.

The lending interest rate is the rate charged by banks on loans to prime customers.

Interest Rate on Bank Loans (Local Currency) Unit 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% ... ... ... ... ... ...