Lending interest rate | Egypt

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Source: IMF
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IMF
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Overview

Кредитная процентная ставка | Египет
The average lending rate in Egypt in 2024 was 24.29%. In 2023, the value was amounted to  17.76%. It has been growing in this country for already 3 years in a row. Since 1976, for the whole period of statistics, this indicator has increased in 3.04 times. The lowest credit rate meets the short- and medium-term financing needs of the private sector in Egypt was recorded in 1976, with a value of 8.00%. The highest value was in end-2024, when it reached 24.29%.
Additional infomation: About indicator
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.