Non-performing loans reached 2.78 USD bil in 2013 in New Zealand, according to the National Central Bank. This is 25.8 % less than in the previous year.
Historically, non-performing loans in New Zealand reached an all time high of 4.97 USD bil in 2010 and an all time low of 0.299 USD bil in 2003. When compared to New Zealand's main peers, non-performing loans in Australia amounted to 19.7 USD bil, 4.75 USD bil in Indonesia, 6.90 USD bil in Malaysia and 2.32 USD bil in Philippines in 2013.
New Zealand has been ranked 39th within the group of 93 countries we follow in terms of non-performing loans, 22 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.