Non-performing loans as a share of bank equity reached 34.8 % in 2017 in Macedonia, according to the National Central Bank. This is 6.58 % less than in the previous year.
Historically, non-performing loans as a share of bank equity in Macedonia reached an all time high of 63.5 % in 2014 and an all time low of 34.0 % in 2008. When compared to Macedonia's main peers, non-performing loans as a share of bank equity in Albania amounted to 54.1 %, 65.8 % in Bulgaria, 335 % in Greece and 16.2 % in Kosovo in 2017.
Macedonia has been ranked 25th within the group of 77 countries we follow in terms of non-performing loans as a share of bank equity, 15 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.