Saint Vincent and the Grenadines: Non-performing loans

The latest value from 2021 is 7.83 percent, an increase from 7.38 percent in 2020. In comparison, the world average is 5.94 percent, based on data from 134 countries. Historically, the average for Saint Vincent and the Grenadines from 2015 to 2021 is 7.78 percent. The minimum value, 6.42 percent, was reached in 2019 while the maximum of 9.53 percent was recorded in 2016. See the global rankings for that indicator or use the country comparator to compare trends over time.

The percent non-performing loans in Saint Vincent and the Grenadines 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 Saint Vincent and the Grenadines 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.