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

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

Interest spread, which is the difference between interest rate on loans and deposits reached 9.87 % in 2019 in Tanzania, according to the National Central Bank. This is 7.08 % more than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Tanzania reached an all time high of 20.4 % in 1996 and an all time low of 2.54 % in 1978. When compared to Tanzania's main peers, interest spread, which is the difference between interest rate on loans and deposits in Kenya amounted to 4.94 %, 9.90 % in Mozambique and 2.01 % in Zambia in 2019.

Tanzania has been ranked 16th within the group of 87 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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