Non Performing Loan

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Non Performing Loan

A loan in or near default. According to the International Monetary Fund, a non-performing loan is any loan in which: interest and principal payments are more than 90 days overdue; or more than 90 days' worth of interest has been refinanced, capitalized, or delayed by agreement; or payments are less than 90 days overdue but are no longer anticipated. Another definition of a non-performing loan is one in which the maturity date has passed but at least part of the loan is still outstanding. The specific definition is dependent upon the loan's particular terms.
References in periodicals archive ?
3bn, accompanied by an increase in non-performing loans by e1/451.
This transaction will help to open the Italian servicing market for the recovery of non-performing loans more independent and represents a positive step for the sector, in line with developments in other European countries.
Non-performing loans approved to companies constitute as much as 78 percent of all bad loans.
3 billion through the Non-Performing Loans Fund for the financial support of the second-tier banks, Chairman of the National Bank of Kazakhstan Kairat Kelimbetov said during the CCS media briefing on Tuesday.
The challenge faced by the sector relating to non-performing loans has led the International Monetary Fund (IMF) to recommend, and the government to agree, that more reliable housing price data would be helpful for the banking sector, which has been advised to "closely monitor collateral values".
In addition, the Bank has increased the total coverage ratio of non-performing loans to over 185 per cent.
ALYMERE, an offshore property investment company advised by Cardiff-based Richard Hayward Properties, has bought back four non-performing loans from Promontoria (Thames) Limited - part of US private equity group Cerberus Capital Management - in a deal worth PS35m.
The non-performing loans represented approximately 31% of the Bank's estimated non-performing loans receivable and non-performing loans held for sale as of December 31, 2012.
At the end of September, non-performing loans accounted for 14.
KARACHI, April 09, 2011 (Balochistan Times): Non-performing loans (NPLs) mainly came from the textile and energy sectors reaching Rs 517.
The Company also announced that it had entered into an agreement to sell approximately $474 million of non-insured non-performing residential first mortgage loans and will reclassify up to an additional $86 million in residential non-performing loans as available for sale.
3) issued here on Tuesday, it has been decided that in addition to cash collateral, gold (ornaments and bullion) shall also be considered for specific provisioning against non-performing loans.

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