Interest spread, which is the difference between interest rate on loans and deposits fell 61.9% to 0.763% in Zambia in 2020, according to the National Central Bank.
Historically, interest spread, which is the difference between interest rate on loans and deposits in Zambia reached an all time high of 25.2% in 1993 and an all time low of 0.763% in 2020. When compared to Zambia's main peers, interest spread, which is the difference between interest rate on loans and deposits in Angola amounted to 13.5%, 10.00% in Tanzania, 28.5% in Zimbabwe and 19.8% in Dem. Republic of the Congo in 2020.
Zambia has been ranked 90th within the group of 91 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 78 places below the position seen 10 years ago.
Interest Spread (Difference Between Interest Rate on Loans and Deposits) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Angola | % | 13.6% | 10.2% | 9.46% | 13.8% | 12.9% | ||||||||||||||||
Botswana | % | 5.45% | 5.18% | 5.43% | 4.98% | 4.80% | ||||||||||||||||
Central African Republic | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||
Congo | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||
Dem. Republic of the Congo | % | ... | ... | ... | ... | ... | ... | 15.7% | 15.7% | 16.4% | 19.9% | 21.3% | ||||||||||
Kenya | % | 6.90% | 7.87% | 5.99% | 4.77% | 4.94% | ||||||||||||||||
Mozambique | % | 6.33% | 10.4% | 10.8% | 9.43% | 9.90% | ||||||||||||||||
Namibia | % | 4.61% | 4.20% | 4.14% | 4.28% | 4.17% | ||||||||||||||||
South Africa | % | 3.26% | 3.29% | 3.13% | 3.09% | 3.12% | ||||||||||||||||
Tanzania | % | 6.21% | 5.46% | 6.59% | 9.21% | 9.87% | ... | |||||||||||||||
Uganda | % | 9.83% | 10.6% | 11.6% | 10.5% | ... | ... | ... | ||||||||||||||
Zambia | % | 4.26% | 4.72% | 3.49% | 2.99% | 2.01% | ... | |||||||||||||||
Zimbabwe | % | ... | ... | ... | ... | ... | ... | 1.84% | 3.02% | 3.64% | 4.60% | 13.2% |