Micronesia: Non-performing loans
* indicates monthly or quarterly data series
Micronesia |
Non-performing loans as percent of all bank loans |
---|---|
Latest value | 0.27 |
Year | 2021 |
Measure | percent |
Data availability | 2013 - 2021 |
Average | 0.39 |
Min - Max | 0.13 - 1.08 |
Source | The World Bank |
The latest value from 2021 is 0.27 percent, an increase from 0.13 percent in 2020. In comparison, the world average is 5.94 percent, based on data from 134 countries. Historically, the average for Micronesia from 2013 to 2021 is 0.39 percent. The minimum value, 0.13 percent, was reached in 2020 while the maximum of 1.08 percent was recorded in 2016.
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* indicates monthly or quarterly data series
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The percent non-performing loans in Micronesia reflects the health of the banking system. A higher percent of such loans shows that banks have difficulty collecting interest and principal on their credits. That may lead to less profits for the banks in Micronesia and, possibly, bank closures.
Definition: Bank nonperforming loans to total gross loans are the value of nonperforming loans divided by the total value of the loan portfolio (including nonperforming loans before the deduction of specific loan-loss provisions). The loan amount recorded as nonperforming should be the gross value of the loan as recorded on the balance sheet, not just the amount that is overdue.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Lending-deposit interest rate spread | 14.40 | 2020 | interest rate points |
Non-performing loans | 0.27 | 2021 | percent |
Bank credit to deposits | 31.30 | 2020 | percent |
Lending interest rate | 12.62 | 2021 | percent |
Real interest rate | 10.43 | 2021 | percent |
Legal rights | 10.00 | 2019 | points |
Credit information sharing | 0.00 | 2019 | points |