Interest Spread rose to -1.63% in Benin in 2016

Interest Spread (%)
Banking | Benin | February 1, 2019
$2.99
Excel Sheet

Interest spread, which is the difference between interest rate on loans and deposits reached -1.63 % in 2016 in Benin, according to the National Central Bank. This is 11.6 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Benin reached an all time high of 9.00 % in 1990 and an all time low of -3.60 % in 2009. When compared to Benin's main peers, interest spread, which is the difference between interest rate on loans and deposits in Burkina Faso amounted to -1.63 %, -1.63 % in Niger, 9.37 % in Nigeria and -1.63 % in Togo in 2016.

Benin has been ranked 129th within the group of 130 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 14 places above 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.

Interest Spread (Difference Between Interest Rate on Loans and Deposits) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria % 6.25% 6.25% 6.25% 6.25% 6.25%
Benin % -3.24% -2.95% -2.37% -1.92% -1.84%
Burkina Faso % -3.24% -2.95% -2.37% -1.92% -1.84%
Cameroon % ... ... ... ... ... ... ... ... ...
Chad % ... ... ... ... ... ... ... ... ...
Ghana % ... ... ... ... ... ... ... ... ...
Ivory Coast % -3.24% -2.95% -2.37% -1.92% -1.84%
Libya % 3.50% 3.50% 3.50% 3.50% ... ... ...
Mali % -3.24% -2.95% -2.37% -1.92% -1.84%
Niger % -3.24% -2.95% -2.37% -1.92% -1.84%
Nigeria % 10.3% 8.39% 8.78% 7.21% 7.70%
Togo % -3.24% -2.95% -2.37% -1.92% -1.84%