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 ?
Asset quality improved as nonperforming loans as a percentage of total loans decreased to 1.
Lahore -- Visible reduction was recording in term of nonperforming loans in the banking sector up to Rs4.
8 million in nonperforming loans at the failed banks.
Contributing to the slow recovery in the banking sector is the high level of nonperforming loans (loans 90 days or more past due or nonaccuring).
It presents: the causes that lead to a deterioration of loan quality (the increase of nonperforming loans), the methodology of determining nonperforming loans, the indicators that define loan quality, as well as the factors that influence the prevention methods of the deterioration of loan portfolio quality.
The bank holding company said that, as of March 31, asset quality "remained strong" with nonperforming loans decreasing $2.
It remains to be seen whether the FSA and Takenaka can achieve their goal of reducing the nonperforming loan (NPL) ratio of major banks by half (it is currently more than 8 percent), or in other words, writing off by fiscal 2004 over [Yen]13 trillion of nonperforming loans, which continue to grow faster than the current pace of NPL liquidation.
Financial Services Minister Heizo Takenaka on Thursday renewed Tokyo's resolve to accelerate the disposal of nonperforming loans at banks during a meeting with U.
Nonperforming loans held by Thai financial institutions as of Jan.
To test for loan loss reserve account strictness, we compare the ratio of reserves for loan losses to nonperforming loans for New England and California banks to the average ratio for all U.
Because the region's economy fared relatively well during the 1990-91 recession, District banks recorded lower levels of nonperforming loans as a percentage of each loan category--consumer, commercial and real estate--than did most of their national peers.
The report gives the results of the GAO's review of accounting rules relating to the recognition and measurement of losses for nonperforming loans.