Non-performing loans reached 0.300 USD bil in 2017 in Armenia, according to the National Central Bank. This is 10.4 % less than in the previous year.
Historically, non-performing loans in Armenia reached an all time high of 0.343 USD bil in 2015 and an all time low of 0.006 USD bil in 2004. When compared to Armenia's main peers, non-performing loans in Georgia amounted to 0.242 USD bil and 16.8 USD bil in Turkey in 2017.
Armenia has been ranked 56th within the group of 79 countries we follow in terms of non-performing loans, 7 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.