Non-performing loans as a share of bank loans reached 8.90 % in 2018 in Maldives, according to the National Central Bank. This is 14.9 % 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 8.90 % in 2018. When compared to Maldives's main peers, non-performing loans as a share of bank loans in India amounted to 9.46 %, 2.29 % in Indonesia, 1.31 % in Singapore and 3.42 % in Sri Lanka in 2018.
Maldives has been ranked 28th within the group of 119 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.