Non-performing loans reached 0.626 GEL bil in 2017 in Georgia, according to the National Central Bank. This is 5.24 % less than in the previous year.
Historically, non-performing loans in Georgia reached an all time high of 0.661 GEL bil in 2016 and an all time low of 0.019 GEL bil in 2003. When compared to Georgia's main peers, non-performing loans in Armenia amounted to 145 AMD bil, 5,634 RUB bil in Russia and 64.0 TRY bil in Turkey in 2017.
Georgia has been ranked 84th within the group of 90 countries we follow in terms of non-performing loans, 23 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.