* indicates monthly or quarterly data series

Banking system z-scores, 2021:

The average for 2021 based on 41 countries was 18.62 index points. The highest value was in Jordan: 50.11 index points and the lowest value was in Kazakhstan: 2.95 index points. The indicator is available from 2000 to 2021. Below is a chart for all countries where data are available.

Measure: index points; Source: Bankscope
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* indicates monthly or quarterly data series


Countries Banking system z-scores, 2021 Global rank Available data
Jordan 50.11 1 2000 - 2021
Iraq 37.25 2 2005 - 2021
Mongolia 36.25 3 2000 - 2021
Sri Lanka 35.09 4 2011 - 2021
Israel 29.3 5 2000 - 2021
Nepal 28.87 6 2000 - 2021
Singapore 28.63 7 2000 - 2021
Cambodia 26.77 8 2002 - 2021
China 25.02 9 2000 - 2021
Afghanistan 24.92 10 2006 - 2021
Saudi Arabia 24.37 11 2000 - 2021
Philippines 24.13 12 2000 - 2021
UA Emirates 22.29 13 2000 - 2021
Malaysia 20.72 14 2000 - 2021
Macao 20.26 15 2000 - 2021
Lebanon 20.19 16 2000 - 2021
Hong Kong 19.75 17 2000 - 2021
Oman 19.64 18 2000 - 2021
Laos 19.48 19 2008 - 2021
India 19.44 20 2000 - 2021
Qatar 18.46 21 2000 - 2021
Taiwan 17.83 22 2000 - 2021
Kuwait 16.58 23 2000 - 2021
Tajikistan 15.34 24 2005 - 2021
Vietnam 14.66 25 2000 - 2021
Kyrgyzstan 14.62 26 2000 - 2021
Japan 12.86 27 2000 - 2021
Bangladesh 12.78 28 2000 - 2021
Bhutan 12.46 29 2013 - 2021
Armenia 12.32 30 2000 - 2021
Uzbekistan 11.21 31 2000 - 2021
South Korea 10.19 32 2000 - 2021
Pakistan 8.85 33 2000 - 2021
Syria 8.79 34 2004 - 2021
Georgia 7.91 35 2000 - 2021
Thailand 7.88 36 2000 - 2021
Bahrain 7.81 37 2000 - 2021
Burma 7.59 38 2005 - 2021
Indonesia 5.27 39 2000 - 2021
Azerbaijan 4.74 40 2000 - 2021
Kazakhstan 2.95 41 2000 - 2021



Definition: The index captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
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