Interest Spread rose to -1.63% in Mali in 2016

Interest spread, which is the difference between interest rate on loans and deposits reached -1.63 % in 2016 in Mali, 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 Mali reached an all time high of 9.00 % in 1990 and an all time low of -3.60 % in 2009. When compared to Mali's main peers, interest spread, which is the difference between interest rate on loans and deposits in Algeria amounted to 6.25 %, -1.63 % in Burkina Faso, 11.7 % in Mauritania and -1.63 % in Niger in 2016.

Mali has been ranked 127th within the group of 130 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 19 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.