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

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

Interest spread, which is the difference between interest rate on loans and deposits reached 2.01 % in 2019 in Zambia, according to the National Central Bank. This is 33.0 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Zambia reached an all time high of 25.2 % in 1993 and an all time low of 2.00 % in 1977. When compared to Zambia's main peers, interest spread, which is the difference between interest rate on loans and deposits in Angola amounted to 12.9 %, 9.87 % in Tanzania, 13.2 % in Zimbabwe and 21.2 % in Dem. Republic of the Congo in 2019.

Zambia has been ranked 81st within the group of 87 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 70 places behind 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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