Non-performing loans reached 1.26 LVL bil in 2017 in Latvia, according to the National Central Bank. This is 13.6 % less than in the previous year.
Historically, non-performing loans in Latvia reached an all time high of 3.81 LVL bil in 2010 and an all time low of 0.041 LVL bil in 2003. When compared to Latvia's main peers, non-performing loans in Belarus amounted to 55,492 BYR bil, 0.129 EUR bil in Estonia, 0.776 LTL bil in Lithuania and 5,634 RUB bil in Russia in 2017.
Latvia has been ranked 79th within the group of 90 countries we follow in terms of non-performing loans, 20 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.