Mongolia: Bank nonperforming loans to total gross loans (%)

Key figures

Over five years it is down 6.87 percentage points from 10.32% in 2020. Since 2016 it is down 3.55 percentage points from 7.01% in 2016.

What the numbers say

In 2025, Mongolia's bank nonperforming loans to total gross loans (%) fell 0.07 percentage points on 2024 (from 3.52% to 3.45%).

Across the 8 yearly changes before that (2017 to 2024), the average change was −0.44 percentage points and a typical year strayed about 2.2 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 4.09 percentage points in 2020 and the biggest yearly fall was 3.27 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Mongolia had the 27th highest value of the 83 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mongolia in the 2025 ranking

• Brazil — 24th of 83: 3.88%
• Albania — 25th of 83: 3.65%
• Kazakhstan — 26th of 83: 3.63%
• Mauritius — 28th of 83: 3.45%
• Antigua and Barbuda — 29th of 83: 3.35%
• Botswana — 30th of 83: 3.32%

What this measures

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.

Limitations: Reporting countries compile the data using different methodologies, which may also vary for different points in time for the same country. Users are advised to consult the accompanying metadata on the IMF FSI website (data.imf.org) to conduct more meaningful cross-country comparisons or to assess the evolution of the indicator for any of the countries.

Regional and income-group figures are computed by the World Bank as a ratio of non-performing/total loan portfolio.

All 10 values

Bank nonperforming loans to total gross loans (%) in nearby economies

• Australia — 1% (2025)
• Brunei Darussalam — 2.82% (2022)
• Cambodia — 6.56% (2024)
• China — 1.5% (2024)
• Fiji — 8.48% (2021)
• Hong Kong SAR, China — 1.56% (2025)
• Indonesia — 1.92% (2025)
• Japan — 1.23% (2022)
• Korea, Rep. — 0.26% (2023)
• Macao SAR, China

More financial sector data for Mongolia

• DEC alternative conversion factor (LCU per US$) — US$3,545 (2025)
• GDP deflator (base year varies by country) — 261.96 (2025)
• Inflation, GDP deflator (annual % growth) — 4.36% (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 4.36% (2025)
• GDP deflator, linked series (base year varies by country) — 261.96 (2025)
• Domestic credit to private sector by banks (% of GDP) — 48.52% (2025)
• Official exchange rate (LCU per US$, period average) — US$3,545 (2025)
• Net domestic credit (current LCU) — 36.24 trillion (2024)
• Net foreign assets (current LCU) — 8.6 trillion (2024)

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Questions people ask

What is Mongolia's bank nonperforming loans to total gross loans (%)?

3.45% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2016?

It is down 3.55 percentage points from 7.01% in 2016. The highest value was 10.32% in 2020 and the lowest 3.45% in 2025.

How does Mongolia rank?

27th highest of 83 economies with data for 2025.

Is the latest change in bank nonperforming loans to total gross loans (%) unusual for Mongolia?

In 2025, Mongolia's bank nonperforming loans to total gross loans (%) fell 0.07 percentage points on 2024 (from 3.52% to 3.45%). Across the 8 yearly changes before that (2017 to 2024), the average change was −0.44 percentage points and a typical year strayed about 2.2 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FB.AST.NPER.ZS, licensed CC BY 4.0. Original source: Financial Soundness Indicators, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF:EXTERNAL_DATASET_CARDS/IMF.STA:LFSI Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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