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 ?
The Bank maintained its positive trend of reducing the non-performing loan (i.
For the Cerberus group, which under present management has PS20bn of assets in its control, this was the first purchase of a European non-performing loan portfolio.
Morgan Securities LLC acted as exclusive financial advisor to Flagstar on the non-performing loan sale.
The Agricultural Development Bank of China (ADBC) said its non-performing loan rate stood at 3.
The transaction represents GE's third acquisition of a non-performing loan (NPL) portfolio in Italy over the last 18 months, and as a result of today's announcement, GE will have a total ex posure of over E5 billion of gross book value in loans.
And fifth, the non-performing loan problem of major banks has very much ameliorated.
Bankswould have to wait for some time to pass before their non-performing loan ratio fell to more acceptable levels, the Central Bank of Cyprus spokeswoman said today.
The bank maintained the positive trend of reducing the non-performing loan ratio from 10.
Kennedy-Wilson will continue to aggressively pursue non-performing loan pools of all sizes as well as single asset and portfolio investments," says Mandel.
Finance minister Harris Georgiades said that Cypriot banks, including the three main ones, Bank of Cyprus, Cooperative Central Bank and Hellenic, require no additional capital to deal with the current high non-performing loan ratio.
Contract notice: sale of non-performing loan and leasing portfolios of hypo alpe-adria-banks and related entities in south eastern europe.
A non-performing loan is a non-performing borrower," Shapiro explained.

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