Average bank lending nominal interest rate Philippines 2017-2023

Published by
Christy Balita,
Jul 17, 2024

In 2023, preliminary figures reflected that the average lending nominal interest rates of banks in the Philippines reached a whooping 7.55 percent - the highest recorded since 2017. The average lending nominal interest rate of banks in the country fluctuated in the observed period. 

Average lending nominal interest rates of banks in the Philippines from 2017 to 2023

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Release date

July 2024

Region

Philippines

Survey time period

2017 to 2023

Supplementary notes

*Preliminary figures.

The nominal interest rate is calculated by adding the real interest rate plus a projected rate of inflation. 

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