Non-performing loans reached 128 PHP bil in 2017 in Philippines, according to the National Central Bank. This is 7.78 % more than in the previous year.
Historically, non-performing loans in Philippines reached an all time high of 148 PHP bil in 2005 and an all time low of 78.6 PHP bil in 2012. When compared to Philippines's main peers, non-performing loans in China amounted to 1,706 CNY bil, 123,023 IDR bil in Indonesia and 128,790 VND bil in Vietnam in 2017.
Philippines has been ranked 33rd within the group of 95 countries we follow in terms of non-performing loans.
A non-performing loan is a loan that is in default or close to being in default.