North Macedonia Non-Performing Loans
Bank nonperforming loans as % of total gross loans FB.AST.NPER.ZS
North Macedonia's non-performing loans was 1.54% in 2025, ranked 88th globally. This represents a 42.2% decrease from 2024. Data from World Bank, covering 2005–2025.
Overview
North Macedonia's non-performing loans stood at 1.54% in 2025, a decline of +1.13pp from 2023. Based on recent trends, this figure is projected to reach 1.54% by 2025. North Macedonia ranked 88th globally.
North Macedonia’s non‑performing loan (NPL) ratio has collapsed from its all‑time peak of 14.89 % in 2005 to a trough of 1.54 % in 2025, placing the country 88th globally according to the World Bank. This twenty‑year decline reflects a sustained improvement in credit quality, driven by tighter banking supervision, stronger capital buffers and a gradual recovery of the domestic economy after the global financial crisis. The current NPL level of 1.54 % is comparable to peer economies such as Hong Kong SAR, China (1.47 %) and Belgium (1.66 %), suggesting that North Macedonia’s banking sector now operates with a risk profile similar to more mature markets. The sharp reduction also mirrors broader regional trends, where post‑crisis reforms have lowered delinquency rates across the Balkans. Maintaining this trajectory will depend on continued fiscal consolidation, prudent loan‑origination standards and resilience to external shocks, which could otherwise stall or reverse the downward trend in non‑performing loans.
Data & projection
| Year | Non-Performing Loans | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 1.10% | - | - |
| 2025* trend | 1.54% | - | - |
| 2025 | 1.54% | −1.13pp | #88 |
| 2023 | 2.67% | −0.12pp | #43 |
| 2022 | 2.79% | −0.34pp | #56 |
| 2021 | 3.13% | −0.13pp | #60 |
| 2020 | 3.26% | −1.36pp | #55 |
| 2019 | 4.62% | −0.41pp | #78 |
| 2018 | 5.04% | −1.06pp | #83 |
| 2017 | 6.10% | −0.19pp | #84 |
| 2016 | 6.29% | −4.03pp | #79 |
| 2015 | 10.31% | −0.49pp | #106 |
| 2014 | 10.81% | −0.13pp | #99 |
| 2013 | 10.94% | +0.83pp | #99 |
| 2012 | 10.11% | +0.59pp | #96 |
| 2011 | 9.52% | +0.48pp | #92 |
| 2010 | 9.04% | +0.10pp | #83 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw non-performing loans improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's non-performing loans was 1.54% in 2025. Ranked 88th globally. This represents a 42.2% decrease from the previous year.
North Macedonia's non-performing loans peaked at 14.89% in 2005.
The lowest non-performing loans in North Macedonia was 1.54% in 2025.
North Macedonia ranks 88th globally in non-performing loans as of 2025.
The World Bank indicator code is FB.AST.NPER.ZS. Data sourced from World Bank.
North Macedonia's non-performing loans is projected to reach 1.54% by 2025 based on trend extrapolation.
The non-performing loans of North Macedonia in 2025 was 1.54%. This ranks 88th in the world.
Cite this page
@misc{historysaid_north-macedonia_non-performing-loans,
title = {North Macedonia Non-Performing Loans},
url = {https://historysaid.com/north-macedonia/non-performing-loans/},
publisher = {HistorySaid},
year = {2026}
}