Bank nonperforming loans to total gross loans in Singapore
Singapore: Bank nonperforming loans to total gross loans was 1.3% in 2019. ▼ Falling
Bank nonperforming loans to total gross loans in Singapore, 2008–2019
Source: Financial Soundness Indicators, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank nonperforming loans to total gross loans in Singapore is 1.3%, measured in 2019.
That represents a change of down 0.2% on the previous year and down 35.8% over ten years.
Over the whole period, bank nonperforming loans to total gross loans in Singapore peaked at 2.0% in 2009 and was at its lowest, 0.8%, in 2014.
That places Singapore 133rd out of 151 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Bank nonperforming loans to total gross loans in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 1.4% | — |
| 2009 | 2.0% | +42.7% |
| 2010 | 1.4% | -30.9% |
| 2011 | 1.1% | -24.6% |
| 2012 | 1.0% | -1.7% |
| 2013 | 0.9% | -16.9% |
| 2014 | 0.8% | -12.7% |
| 2015 | 0.9% | +22.1% |
| 2016 | 1.2% | +32.3% |
| 2017 | 1.4% | +14.5% |
| 2018 | 1.3% | -6.5% |
| 2019 | 1.3% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | 1.4% | 2.0% | 2 |
| 2010s | 1.1% | 0.8% | 1.4% | 10 |
Countries ranked near Singapore
More financial sector data for Singapore
- Net domestic credit (current LCU), per capita 123,291 current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 2 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 3.72 % change on previous year (2020)
- Gold reserves at 35 SDRs per ounce 217.81 million SDR (2025)
- Gold reserves at market value 19.85 billion SDR (2025)
- Reserves excluding gold, foreign exchange 289.89 billion SDR (2025)
- Reserves excluding gold 295.68 billion SDR (2025)
- Total reserves (gold at market value) 315.53 billion SDR (2025)
- Total reserves (gold at national valuation) 298.85 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 48,902 SDR per person (2025)
Frequently asked questions
- What is bank nonperforming loans to total gross loans in Singapore?
- Bank nonperforming loans to total gross loans in Singapore was 1.3% in 2019, according to Financial Soundness Indicators, International Monetary Fund (IMF).
- What is the highest bank nonperforming loans to total gross loans recorded in Singapore?
- The highest recorded value was 2.0% in 2009.
- What is the lowest bank nonperforming loans to total gross loans recorded in Singapore?
- The lowest recorded value was 0.8% in 2014.
- How does Singapore rank for bank nonperforming loans to total gross loans?
- Singapore ranks 133rd out of 151 countries with data for 2019.
- Is bank nonperforming loans to total gross loans rising or falling in Singapore?
- Over the last ten years it is down 35.8%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Financial Soundness Indicators, International Monetary Fund (IMF), published as part of Bank nonperforming loans to total gross loans (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The indicator measures the proportion of a deposit taker’s loan portfolio that is impaired or at risk of default. It is calculated as the ratio of non-performing loans (NPLs) to total gross loans, where NPLs are defined as loans that are past due by 90 days or more or are otherwise considered unlikely to be repaid in full without the realization of collateral. Both non-performing loans and total gross loans should be reported at their gross book value, without deducting for loan-loss provisions or collateral. This indicator provides a key measure of asset quality and potential credit risk in the banking system.