## Figure 2.3. Banking under Low Natural Rates: Theoretical Predictions

## Source details

**Canonical URL:** [Figure 2.3. Banking under Low Natural Rates: Theoretical Predictions](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-3d.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/figure2-3d.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/figure2-3d.csv.json)

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### Panel 1: Rates (percent)
- Market rate 2: Lending rates 4.194630872; Deposit rates 1.324503311
- Market rate 1.9: Lending rates 4.093959732; Deposit rates 1.225165563
- Market rate 1.8: Lending rates 3.993288591; Deposit rates 1.125827815
- Market rate 1.7: Lending rates 3.89261745; Deposit rates 1.026490066
- Market rate 1.6: Lending rates 3.791946309; Deposit rates 0.927152318
- Market rate 1.5: Lending rates 3.691275168; Deposit rates 0.82781457
- Market rate 1.4: Lending rates 3.590604027; Deposit rates 0.728476821

### Panel 2: Ratios (percent)
- For market rate 2: Net interest margin 1.913261; Return on assets 1.220149781; Return on equity 7.224951165
- For market rate 1.9: Net interest margin 1.893352033; Return on assets 1.201717896; Return on equity 7.115809262
- For market rate 1.8: Net interest margin 1.873444792; Return on assets 1.18328746; Return on equity 7.006675942
- For market rate 1.7: Net interest margin 1.85353928; Return on assets 1.164858475; Return on equity 6.897551212
- For market rate 1.6: Net interest margin 1.833635503; Return on assets 1.146430942; Return on equity 6.788435077
- For market rate 1.5: Net interest margin 1.813733465; Return on assets 1.128004862; Return on equity 6.679327546
- For market rate 1.4: Net interest margin 1.79383317; Return on assets 1.109580235; Return on equity 6.570228624

### Panel 3: Deposits and Loans
- For market rate 2.0: Loans 0.410416393; Deposits 0.738204622; Loans-to-deposits ratio 0.555965623
- For market rate 1.9: Loans 0.409541759; Deposits 0.738204622; Loans-to-deposits ratio 0.554780811
- For market rate 1.8: Loans 0.408667288; Deposits 0.738204622; Loans-to-deposits ratio 0.553596219
- For market rate 1.7: Loans 0.407792983; Deposits 0.738204622; Loans-to-deposits ratio 0.552411852
- For market rate 1.6: Loans 0.406918845; Deposits 0.738204622; Loans-to-deposits ratio 0.551227712
- For market rate 1.5: Loans 0.406044877; Deposits 0.738204622; Loans-to-deposits ratio 0.550043802
- For market rate 1.4: Loans 0.40517108; Deposits 0.738204622; Loans-to-deposits ratio 0.548860123

### Panel 4: Leverage
- For market rate 2: Assets-to-equity ratio 5.921364147
- For market rate 1.9: Assets-to-equity ratio 5.921364147
- For market rate 1.8: Assets-to-equity ratio 5.921364147
- For market rate 1.7: Assets-to-equity ratio 5.921364147
- For market rate 1.6: Assets-to-equity ratio 5.921364147
- For market rate 1.5: Assets-to-equity ratio 5.921364147
- For market rate 1.4: Assets-to-equity ratio 5.921364147

### Panel 5: Domestic and Foreign Loans
- For market rate 2.0: Domestic loans 0.410416393; Foreign loans 0.027265303
- For market rate 1.9: Domestic loans 0.409541759; Foreign loans 0.030618764
- For market rate 1.8: Domestic loans 0.408667288; Foreign loans 0.034388539
- For market rate 1.7: Domestic loans 0.407792983; Foreign loans 0.038626791
- For market rate 1.6: Domestic loans 0.406918845; Foreign loans 0.04339228
- For market rate 1.5: Domestic loans 0.406044877; Foreign loans 0.048751203
- For market rate 1.4: Domestic loans 0.40517108; Foreign loans 0.054778146

### Panel 6: Net Interest Margins
- For market rate 2: Net interest margins (without foreign loans) 1.913261; Net interest margins (with foreign loans) 1.98600538
- For market rate 1.9: Net interest margins (without foreign loans) 1.893352033; Net interest margins (with foreign loans) 1.975014546
- For market rate 1.8: Net interest margins (without foreign loans) 1.873444792; Net interest margins (with foreign loans) 1.965129038
- For market rate 1.7: Net interest margins (without foreign loans) 1.85353928; Net interest margins (with foreign loans) 1.956486705
- For market rate 1.6: Net interest margins (without foreign loans) 1.833635503; Net interest margins (with foreign loans) 1.949242769
- For market rate 1.5: Net interest margins (without foreign loans) 1.813733465; Net interest margins (with foreign loans) 1.943572042
- For market rate 1.4: Net interest margins (without foreign loans) 1.79383317; Net interest margins (with foreign loans) 1.939671417

*Dataset: figure2-3d (csv worksheet sample rows provided).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-3d.csv_