Non Performing Loan

(redirected from Non Performing Assets)
Also found in: Acronyms.

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 ?
Narayan, addressing a Press conference in Dubai, said the net profit for the quarter was boosted by reduction in interest costs, a jump in other income including treasury gains and a reduction in the gross non performing asset level over the previous quarter.
The properties were also layered into performing and non performing assets, those owned by the lender (REO) and the property type.
Non performing assets totalled USD11.4m at June 30, 2008 as against USD1.3m at June 30 2007.

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