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 ?
Given the increase in the number of non performing loans, banks have become stricter in extending loans.
Then in October 2009, FSV benefit was extended to industrial property (excluding plant & machinery) in addition to already available benefit on pledged stock and mortgaged residential & commercial properties, held as collateral against Non Performing Loans (NPLs).
GE confirms its commitment to the Non Performing Loans sectors in Italy by acquiring, through its subsidiaries GE Real Estate Italla and GE Corporate Financial Services("GE"), and in partnership with Pirelli RE/Calyon, a portfolio of non-performing loans originated by Banca Antonveneta and Interbanca.
Banks in Indonesia have reported rising non performing loans.
Malaysia-based CIMB has sold non performing loans (NPL) to South Africa-based Standard Bank.

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