Non-performing loans reached 0.242 USD bil in 2017 in Georgia, according to the National Central Bank. This is 2.92 % less than in the previous year.
Historically, non-performing loans in Georgia reached an all time high of 0.250 USD bil in 2016 and an all time low of 0.009 USD bil in 2003. When compared to Georgia's main peers, non-performing loans in Armenia amounted to 0.300 USD bil, 97.8 USD bil in Russia and 16.8 USD bil in Turkey in 2017.
Georgia has been ranked 60th within the group of 79 countries we follow in terms of non-performing loans, 10 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.