Interest Rate on Bank Loans rose to 18.2% in Egypt in 2017

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

Interest rate on bank loans reached 19.8 % in 1991 in Egypt, according to the National Central Bank. This is 9.2 % more than in the previous year.

Historically, interest rate on bank loans in Egypt reached an all time high of 20.3 % in 1992 and an all time low of 8.00 % in 1976. When compared to Egypt's main peers, interest rate on bank loans in Israel amounted to 26.4 % and 7.00 % in Libya in 1991.

Egypt has been ranked 38th within the group of 112 countries we follow in terms of interest rate on bank loans, 8 places behind 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
Algeria % 8.00% 8.00% 8.00% 8.00% 8.00%
Chad % ... ... ... ... ... ... ... ... ...
Egypt % 11.0% 12.0% 12.3% 11.7% 11.6%
Ethiopia % ... ... ... ... ... ... ... ... ...
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% ... ... ...
Saudi Arabia % ... ... ... ... ... ... ... ... ...
South Sudan % ... ... ... 12.0% 13.6% 18.7% 13.8%
Sudan % ... ... ... ... ... ... ... ... ...
Syria % 9.65% ... ... ... ... ... ...
Tunisia % ... ... ... ... ... ... ... ... ...
United Arab Emirates % ... ... ... ... ... ... ... ... ...
Yemen % 25.0% 24.5% 22.1% ... ... ... ...