Effective Average Rates for Q2 2025 Released
The Ministry of Finance has published the effective average rates for the second quarter of 2025. The data shows that rates have declined during the second half of the year.
Leasing Rates
The average leasing rate has decreased by 5 basis points to 13.44% and remains the most expensive source of financing. The financing structure of leasing companies is behind this trend. They have borrowed from the bond market and banks at high rates, which are generally fixed and will still be repaid over the next few years. Reducing rates today means reducing margins, so it will take several years to see a significant decline in exit rates.
Other Sources of Financing
For other sources of financing, the downward trend is more pronounced:
- The rate for short-term loans (excluding overdrafts) has decreased by 22 basis points to 10.03%.
- Overdrafts cost an average of 12.38%.
- Medium-term loans are at 10.39%, and long-term loans are at 10.16%.
- The factoring rate has decreased by 29 basis points to 12.03%.
Consumer Credit
Consumer credit rates are at 10.52%, down from 10.90% in the first half of 2025. Despite this downward trend, the level remains high, which explains the low sales dynamics of real estate developers.
Impact on Tunisian Businesses
Despite this downward trend, these rates remain unsustainable for Tunisian businesses. Financial charges will remain the most delicate item to manage.
