Non-performing loans less provisions reached 12.9 CAD bil in 2017 in Canada, according to the National Central Bank. This is 16.7 % less than in the previous year.
Historically, non-performing loans less provisions in Canada reached an all time high of 15.5 CAD bil in 2016 and an all time low of 2.49 CAD bil in 2006.
Canada has been ranked 31st within the group of 74 countries we follow in terms of non-performing loans less provisions, 7 places behind the position seen 10 years ago.
Loan loss provisions (also known as "valuation allowance" and "valuation reserve") are an expense creditors budget as an allowance for bad loans.