Non-performing loans as a share of bank loans reached 10.5 % in 2017 in Maldives, according to the National Central Bank. This is 1.65 % less than in the previous year.
Historically, non-performing loans as a share of bank loans in Maldives reached an all time high of 20.9 % in 2012 and an all time low of 10.5 % in 2017. When compared to Maldives's main peers, non-performing loans as a share of bank loans in India amounted to 9.98 %, 2.56 % in Indonesia, 1.40 % in Singapore and 2.50 % in Sri Lanka in 2017.
Maldives has been ranked 24th within the group of 113 countries we follow in terms of non-performing loans as a share of bank loans.
A non-performing loan is a loan that is in default or close to being in default.