Non-performing loans as a share of bank equity reached 335 % in 2017 in Greece, according to the National Central Bank. This is 28 % more than in the previous year.
Historically, non-performing loans as a share of bank equity in Greece reached an all time high of 335 % in 2017 and an all time low of 36.1 % in 2007. When compared to Greece's main peers, non-performing loans as a share of bank equity in Albania amounted to 54.1 %, 65.8 % in Bulgaria, 34.8 % in Macedonia and 15.4 % in Turkey in 2017.
Greece has been ranked 3rd within the group of 77 countries we follow in terms of non-performing loans as a share of bank equity, 6 places above the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.