Interest Spread rose to 11.6% in Uganda in 2017

Interest spread, which is the difference between interest rate on loans and deposits reached 3.28 % in 1992 in Uganda, according to the National Central Bank. This is 69.6 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Uganda reached an all time high of 14.7 % in 1987 and an all time low of 1.92 % in 1984. When compared to Uganda's main peers, interest spread, which is the difference between interest rate on loans and deposits in Kenya amounted to 21.1 % and 8.94 % in Rwanda in 1992.

Uganda has been ranked 96th within the group of 113 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 61 places behind the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.