Non-performing loans reached 1.000 USD bil in 2017 in Latvia, according to the National Central Bank. This is 0.881 % less than in the previous year.
Historically, non-performing loans in Latvia reached an all time high of 7.26 USD bil in 2009 and an all time low of 0.072 USD bil in 2002. When compared to Latvia's main peers, non-performing loans in Belarus amounted to 2.81 USD bil, 0.154 USD bil in Estonia, 0.929 USD bil in Lithuania and 97.8 USD bil in Russia in 2017.
Latvia has been ranked 40th within the group of 79 countries we follow in terms of non-performing loans, 4 places above the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.