Non-performing loans as a share of bank equity reached 42.0 % in 2017 in Madagascar, according to the National Central Bank. This is 9.83 % less than in the previous year.
Historically, non-performing loans as a share of bank equity in Madagascar reached an all time high of 67.6 % in 2011 and an all time low of 38.4 % in 2006. When compared to Madagascar's main peers, non-performing loans as a share of bank equity in South Africa amounted to 23.7 % and 46.9 % in Tanzania in 2017.
Madagascar has been ranked 25th within the group of 86 countries we follow in terms of non-performing loans as a share of bank equity, 17 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.