Non-performing loans reached 3.38 NZD bil in 2013 in New Zealand, according to the National Central Bank. This is 25.6 % less than in the previous year.
Historically, non-performing loans in New Zealand reached an all time high of 6.38 NZD bil in 2010 and an all time low of 0.457 NZD bil in 2003. When compared to New Zealand's main peers, non-performing loans in Australia amounted to 33.0 AUD bil, 57,826 IDR bil in Indonesia, 22.6 MYR bil in Malaysia and 103 PHP bil in Philippines in 2013.
New Zealand has been ranked 74th within the group of 102 countries we follow in terms of non-performing loans, 54 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.