Non-performing loans reached 414 MGA bil in 2017 in Madagascar, according to the National Central Bank. This is 2.12 % more than in the previous year.
Historically, non-performing loans in Madagascar reached an all time high of 414 MGA bil in 2017 and an all time low of 102 MGA bil in 2006. When compared to Madagascar's main peers, non-performing loans in South Africa amounted to 108 ZAR bil, 0.853 SZL bil in Swaziland and 2,028 TNS bil in Tanzania in 2017.
Madagascar has been ranked 17th within the group of 90 countries we follow in terms of non-performing loans, 3 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.