Story: Banking and finance

Non-performing loans, US and New Zealand

Non-performing loans, US and New Zealand

Coming out the recession of the early 1990s, New Zealand had a higher percentage of non-performing loans than the US. However, the recession beginning in 2007 did not have as severe effect on loan performance in New Zealand as in the US – where the sub-prime (higher-risk) mortgage market had unravelled.

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Te Ara - The Encyclopedia of New Zealand

Source: Reserve Bank of New Zealand Financial Stability Report, May 2009

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How to cite this page:

David Tripe, 'Banking and finance - Risk in banking and finance', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/graph/24643/non-performing-loans-us-and-new-zealand (accessed 12 May 2021)

Story by David Tripe, published 11 Mar 2010