Bank's Net Interest Margin for Senegal
DDEI01SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
-72.33%
Date Range
1/1/2000 - 1/1/2020
Summary
The bank's net interest margin for Senegal measures the difference between the interest income and interest expense of commercial banks, as a percentage of their total earning assets. This metric is a key indicator of the profitability and financial health of the banking sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The bank's net interest margin represents the spread between the average interest rate earned on loans and investments, and the average interest rate paid on deposits and other funding sources. It is a widely used measure of a bank's ability to generate net interest income from its lending and investment activities.
Methodology
The data is calculated and reported by the World Bank, based on financial statements and regulatory filings from commercial banks in Senegal.
Historical Context
The net interest margin is closely monitored by policymakers, regulators, and market analysts to assess the efficiency and competitiveness of the banking industry.
Key Facts
- Senegal's bank net interest margin averaged 5.7% from 2010-2020.
- A higher net interest margin indicates greater profitability for banks.
- The net interest margin is a key metric for evaluating a banking system's efficiency.
FAQs
Q: What does this economic trend measure?
A: The bank's net interest margin for Senegal measures the difference between the interest income and interest expense of commercial banks, as a percentage of their total earning assets.
Q: Why is this trend relevant for users or analysts?
A: The net interest margin is a crucial indicator of the profitability and financial health of the banking sector, which is closely monitored by policymakers, regulators, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated and reported by the World Bank, based on financial statements and regulatory filings from commercial banks in Senegal.
Q: How is this trend used in economic policy?
A: The net interest margin is used by policymakers and regulators to assess the efficiency and competitiveness of the banking industry, which informs decisions on monetary policy and financial sector regulation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available from banks and regulators.
Related Trends
Gross National Income for Senegal
MKTGNISNA646NWDB
Outstanding International Public Debt Securities to GDP for Senegal
DDDM06SNA156NWDB
Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Senegal
SENFCDODCANUM
Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Senegal
IDSAMRIAOSN
Number of Identified Exporters to Senegal from Alabama
ALSENA475SCEN
Number of Identified Exporters to Senegal from Wyoming
WYSENA475SCEN
Citation
U.S. Federal Reserve, Bank's Net Interest Margin for Senegal (DDEI01SNA156NWDB), retrieved from FRED.