Interest Spread (Difference Between Interest Rate on Loans and Deposits) in Somalia

Source: National Central Bank
Last Updated: Mar 1, 2021

Interest spread, which is the difference between interest rate on loans and deposits reached 13.0 % in 1988 in Somalia, according to the National Central Bank. This is 127 % more than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Somalia reached an all time high of 13.0 % in 1988 and an all time low of 3.00 % in 1975.

Somalia has been ranked 6th within the group of 103 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 31 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.

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