Interest Spread rose to -1.63% in Togo in 2016

Interest Spread (%)
Banking | Togo | 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 Togo, 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 Togo reached an all time high of 9.75 % in 1992 and an all time low of -3.60 % in 2009. When compared to Togo's main peers, interest spread, which is the difference between interest rate on loans and deposits in Benin amounted to -1.63 %, -1.63 % in Burkina Faso and 9.37 % in Nigeria in 2016.

Togo has been ranked 123rd 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.

Interest Spread (Difference Between Interest Rate on Loans and Deposits) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
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%
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%