Non-performing loans in Mauritius
The share of bank loans where borrowers have fallen seriously behind on repayments (usually 90 days or more).
Where it stands
About 3.5%: the healthiest level in years.
What it means
Healthy banks keep lending, which supports the whole economy. The risk to watch is households squeezed by rising prices and interest rates during 2026.
Recent years
| Year | Non-performing loans |
|---|---|
| 2021 | 5.82% |
| 2022 | 4.92% |
| 2023 | 5.31% |
| 2024 | 3.69% |
| 2025 | 3.45% |
Why it moved
2021: COVID hit hotels and small businesses hard; some loans went bad once moratoria ended.
2022: Improved as tourism recovered.
2023: Ticked up as higher interest rates squeezed weaker borrowers.
2024: A clean-up year: banks wrote off or recovered bad loans and hotel borrowers recovered.
2025: The lowest level of the period.