Interest Rate on Bank Loans remained unchanged in Algeria in 2017

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

Interest rate on bank loans reached 3.00 % in 1980 in Algeria, according to the National Central Bank. This is the same as in the previous year.

Historically, interest rate on bank loans in Algeria reached an all time high of 19.0 % in 1996 and an all time low of 3.00 % in 1985. When compared to Algeria's main peers, interest rate on bank loans in Libya amounted to 7.00 %, 7.00 % in Morocco, 16.9 % in Spain and 7.25 % in Tunisia in 1980.

Algeria has been ranked 85th within the group of 85 countries we follow in terms of interest rate on bank loans.

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
Algeria % 8.00% 8.00% 8.00% 8.00% 8.00%
Chad % ... ... ... ... ... ... ... ... ...
Egypt % 11.0% 12.0% 12.3% 11.7% 11.6%
France % 6.04% 6.25% 5.82% 6.07% 6.05% ...
Italy % 4.60% 5.22% 5.14% 4.87% 4.13%
Libya % 6.00% 6.00% 6.00% 6.00% ... ... ...
Malta % 4.75% 4.70% 4.71% 4.97% 5.16% ...
Mauritania % 17.0% 17.0% 17.0% 17.0% 17.0%
Morocco % ... ... ... ... ... ... ... ... ...
Portugal % 7.80% 8.14% 8.41% 7.78% 6.60% ...
Spain % 5.96% 6.96% 6.76% 6.14% 4.50% ...
Tunisia % ... ... ... ... ... ... ... ... ...