Cyprus is being the top country by bank nonperforming loans to total gross loans in the world. As of 2016, bank nonperforming loans to total gross loans in Cyprus was 47 %. The top 5 countries also includes San Marino, Greece, Sierra Leone, and Ukraine.
Bank nonperforming loans to total gross loans are the value of nonperforming loans divided by the total value of the loan portfolio (including nonperforming loans before the deduction of specific loan-loss provisions). The loan amount recorded as nonperforming should be the gross value of the loan as recorded on the balance sheet, not just the amount that is overdue.