Senegal records the highest average bank loan rate for housing in WAEMU
Tuesday, 06 March 2018 03:29
In Senegal, the average borrowing rate on loans granted by banks for housing-related expenses reached 8.69% at the end of January 2018. Compared to that of December 2017 which was just 6.4%, this is an increase of 2.21%.
This rise is puzzling because in December 2017, the country had the lowest rate on housing loans within WAEMU and in just one month, it has become the country with the highest rate, ahead of Togo (8.5%) and Côte d’Ivoire (7.96%).
It is also higher than the average annual rate applied in the sector within WAEMU since 2015. Moreover, this rise contrasts with the rate’s decrease observed in the sub-region.
Idriss Linge
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