Non-performing loans reached 145 AMD bil in 2017 in Armenia, according to the National Central Bank. This is 10.4 % less than in the previous year.
Historically, non-performing loans in Armenia reached an all time high of 166 AMD bil in 2015 and an all time low of 3.06 AMD bil in 2004. When compared to Armenia's main peers, non-performing loans in Georgia amounted to 0.626 GEL bil and 64.0 TRY bil in Turkey in 2017.
Armenia has been ranked 27th within the group of 90 countries we follow in terms of non-performing loans, 4 places above the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.