Interest rate on bank loans reached 7.65 % in 2016 in Greece, according to the National Central Bank. This is 4.89 % more than in the previous year.
Historically, interest rate on bank loans in Greece reached an all time high of 29.5 % in 1991 and an all time low of 6.70 % in 2004. When compared to Greece's main peers, interest rate on bank loans in Albania amounted to 9.65 %, 6.39 % in Bulgaria and 7.02 % in Macedonia in 2016.
Greece has been ranked 76th within the group of 134 countries we follow in terms of interest rate on bank loans, 29 places above the position seen 10 years ago.
The lending interest rate is the rate charged by banks on loans to prime customers.