Non-performing loans as a share of bank loans rose 12.5% yoy to 2.21% in Latvia in 2Q2024, according to the National Central Bank. This is 4.22% less than in the previous quarter.
Historically, non-performing loans as a share of bank loans in Latvia reached an all time high of 15.9% in 4Q2010 and an all time low of 1.97% in 2Q2023.
Latvia has been ranked 38th within the group of 62 countries we follow in terms of non-performing loans as a share of bank loans, 11 places above the position seen 10 years ago.
| Non-Performing Loans (As % of Total Loans) | Unit | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
| Belarus | % | 4.91% | 4.52% | 3.80% | 5.28% | 5.05% | ||||||||||||||||
| China | % | ... | ... | ... | 1.61% | ... | ... | ... | ||||||||||||||
| Estonia | % | 0.801% | 0.783% | 0.862% | 0.966% | 1.08% | ||||||||||||||||
| Finland | % | 1.35% | 1.21% | 1.22% | 1.24% | 1.29% | ||||||||||||||||
| Germany | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.23% | 1.22% | 1.27% | 1.31% | 1.54% | ||
| Japan | % | ... | ... | ... | ... | ... | ... | ... | ... | 1.19% | ... | 1.20% | ... | ... | ||||||||
| Latvia | % | 2.29% | 2.19% | 1.97% | 1.97% | 2.41% | ||||||||||||||||
| Lithuania | % | 0.396% | 0.410% | 0.468% | 0.436% | ... | ... | ... | ||||||||||||||
| Poland | % | 2.43% | 2.63% | 2.43% | 2.50% | 2.32% | ... | |||||||||||||||
| Russia | % | 5.51% | 5.41% | 5.33% | ... | ... | ... | ... | ||||||||||||||
| USA | % | 0.716% | 0.730% | 0.737% | 0.803% | 0.847% | ... | |||||||||||||||
| Ukraine | % | 38.1% | 38.8% | 38.9% | 37.9% | 37.4% |
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