Interest Rates On Bank Credit To The Private Sector

Africa Ranking

Source: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Madagascar48.282021148.87
2Zimbabwe45.482021233.01
3Somalia33.671988720.58
4Gambia282019328
5Democratic Republic of the Congo26.742019524.75
6Malawi24.222020425.67
7Uganda19.852018621.28
8Guinea19.382000819.88
9Sao Tome and Principe19.112020919.06
10Sierra Leone18.8620211117.94
11Mozambique18.1720211018.96
12Mauritania1720171217
13Tanzania16.6820201316.97
14Rwanda16.1820211416.34
15Liberia13.2520171613.61
16Burundi12.6320211712.19
17Kenya12.0820211812
18Nigeria11.4820211513.64
19Lesotho11.3320192011.58
20Zambia9.482020249.79
21Egypt9.4320212111.37
22Seychelles9.1620211911.61
23Comoros8.0920202210.5
24Algeria82021268
24Ethiopia82008297.5
26Cape Verde7.622021258.19
27Swaziland7.252021277.96
28South Africa7.0420212310.13
29Mauritius6.872021307.22
30Namibia6.862021287.87
31Benin6.252021316.69
31Burkina Faso6.252021326.54
33Libya62014336
34Senegal5.32016385.15
35Botswana5.252021345.75
36Mali5.142017355.3
36Ivory Coast5.142017385.15
36Niger5.142017385.15
36Guinea-Bissau5.142017355.3
36Togo5.142017355.3

Definition of Interest Rates On Bank Credit To The Private Sector

Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

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