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Average lending nominal interest rates of banks in the Philippines from 2017 to 2024

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Source

Release date

February 2025

Region

Philippines

Survey time period

2017 to 2024

Supplementary notes

*Preliminary figures.

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

Citation formats

Average bank lending nominal interest rate Philippines 2017-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Feb 12, 2025

In 2024, preliminary figures reflected that the average lending nominal interest rates of banks in the Philippines reached a whooping **** percent — the highest recorded since 2017. The average lending nominal interest rate of banks in the country fluctuated in the observed period. 

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