Non-performing loans as a share of bank loans reached 7.27 % in 2018 in Madagascar, according to the National Central Bank. This is 5.25 % less than in the previous year.
Historically, non-performing loans as a share of bank loans in Madagascar reached an all time high of 11.6 % in 2013 and an all time low of 6.15 % in 2006. When compared to Madagascar's main peers, non-performing loans as a share of bank loans in South Africa amounted to 3.73 %, 9.32 % in Swaziland and 9.93 % in Tanzania in 2018.
Madagascar has been ranked 37th within the group of 119 countries we follow in terms of non-performing loans as a share of bank loans, 14 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.