Nonperforming Loans Statistics in Philippines (2026)
As of 2023, bank nonperforming loans in the Philippines was 3.2% of total gross loans, per World Bank World Development Indicators data. Up from 3.1% in 2022 to 3.2% in 2023 (+0.1 percentage points). Philippines ranks #12 of 19 economies in East Asia & Pacific on this measure, and #65 of 144 globally.
Key Statistics
- Latest value (2023)
- 3.2% (2023)
- Nonperforming Loans in the Philippines as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +0.1 pp (2023)
- Up from 3.1% in 2022 to 3.2% in 2023 (+0.1 percentage points).
- Earliest value in this dataset (2009)
- 3.5% (2009)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 3.5% in 2009 to 3.2% in 2023.
- Peak value (2021)
- 4% (2021)
- Highest value in the available series; the 2023 value is 3.2%.
- Rank in East Asia & Pacific (lower is better; rank 1 = lowest)
- #12 of 19 (2023)
- The Philippines ranks 12 of 19 countries in East Asia & Pacific with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #65 of 144 (2023)
- The Philippines ranks 65 of 144 countries with data globally. Ranked ascending because lower values are better for this metric.
- East Asia & Pacific average
- 3.6% (2023)
- The Philippines (3.2%) is below the average of 3.6% across the 19 countries in East Asia & Pacific with data.
- Domestic credit to private sector (% of GDP) (2024)
- 49.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in the Philippines (2024)
- 67.3% (2024)
- 67.3% of the population in the Philippines used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 115.8 million (2024)
- The Philippines had a population of 115.8 million in 2024 (World Bank); shown for scale only.
Trend, 2009–2023
| Year | % of total gross loans | Change |
|---|---|---|
| 2023 | 3.2% | +0.1 pp |
| 2022 | 3.1% | −0.8 pp |
| 2021 | 4% | +0.4 pp |
| 2020 | 3.5% | +1.6 pp |
| 2019 | 2% | +0.3 pp |
| 2018 | 1.7% | +0.1 pp |
| 2017 | 1.6% | −0.1 pp |
| 2016 | 1.7% | −0.2 pp |
| 2015 | 1.9% | −0.1 pp |
| 2014 | 2% | −0.4 pp |
| 2013 | 2.4% | +0.2 pp |
| 2012 | 2.2% | −0.3 pp |
| 2011 | 2.5% | −0.8 pp |
| 2010 | 3.3% | −0.1 pp |
| 2009 | 3.5% | — |
Frequently asked questions
What is the latest figure for bank nonperforming loans in the Philippines?
Bank nonperforming loans in the Philippines stood at 3.2% of total gross loans in 2023, according to World Bank World Development Indicators data.
Where does the Philippines rank globally on nonperforming loans?
The Philippines ranks 65 of 144 countries with data globally (ranked ascending; lower is better), based on the latest World Bank World Development Indicators value for each country.
When did nonperforming loans in the Philippines peak?
The highest value in the available series was 4% in 2021; the latest (2023) value is 3.2%.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.AST.NPER.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .