Nigeria: Non-performing loans
* indicates monthly or quarterly data series
Nigeria |
Non-performing loans as percent of all bank loans |
---|---|
Latest value | 4.01 |
Year | 2022 |
Measure | percent |
Data availability | 2007 - 2022 |
Average | 9.69 |
Min - Max | 2.96 - 37.25 |
Source | The World Bank |
The latest value from 2022 is 4.01 percent, a decline from 4.93 percent in 2021. In comparison, the world average is 5.49 percent, based on data from 124 countries. Historically, the average for Nigeria from 2007 to 2022 is 9.69 percent. The minimum value, 2.96 percent, was reached in 2014 while the maximum of 37.25 percent was recorded in 2009.
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* indicates monthly or quarterly data series
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The percent non-performing loans in Nigeria 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 Nigeria 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 | 9.00 | 2020 | interest rate points |
Bank cost to income ratio | 65.04 | 2021 | percent |
Non-performing loans | 4.01 | 2022 | percent |
Bank overhead cost | 2.71 | 2021 | percent |
Net interest margin | 3.61 | 2021 | percent |
Bank credit to deposits | 56.01 | 2021 | percent |
Regulatory capital to risk-weighted assets | 15.05 | 2020 | percent |
Return on assets | 1.41 | 2021 | percent |
Return on equity | 12.63 | 2021 | percent |
Banking system z-scores | 12.19 | 2021 | index points |
Liquid assets to deposits | 31.93 | 2021 | percent |
Banking system capital to assets | 6.26 | 2020 | percent |
Non-interest income to total income | 42.53 | 2021 | percent |
Lending interest rate | 14.01 | 2023 | percent |
Real interest rate | 1.23 | 2023 | percent |
Legal rights | 9.00 | 2019 | points |
Credit information sharing | 8.00 | 2019 | points |