Non-performing loans less provisions reached 0.271 SCR bil in 2016 in Seychelles, according to the National Central Bank. This is 2.7 % more than in the previous year.
Historically, non-performing loans less provisions in Seychelles reached an all time high of 0.281 SCR bil in 2010 and an all time low of 0.006 SCR bil in 2007. When compared to Seychelles's main peers, non-performing loans less provisions in Comoros amounted to 5.24 KMF bil, 144 MGA bil in Madagascar, 0.091 MVR bil in Maldives and 25.8 MUR bil in Mauritius in 2016.
Seychelles has been ranked 75th within the group of 103 countries we follow in terms of non-performing loans less provisions, 37 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.