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 ?
Ahmad said the higher non-performing loan was not allowing the bank to open its branch in China.
Among other elements, terms of Fannie Maes non-performing loan transactions require the buyer of the non-performing loans to pursue loss mitigation options that are sustainable for borrowers.
Cross-country comparison indicates significantly lower non-performing loan ratios in SME sectors for most East Asian and South Asian economies.
Both non-performing loan rates--among individual consumers and businesses--are considerably low in comparison with the countries of the region.
NORDIC BUSINESS REPORT-October 6, 2017-Intrum Justitia acquires non-performing loan portfolio of Eurobank in Greece for SEK0.
Hirshmark Capital also announced the following non-performing loan purchases:
Non-performing loan levels are higher in The Bahamas than in comparative Caribbean countries, including Barbados, Jamaica and Trinidad & Tobago, while nowhere among the four countries did bank profitability slide so steeply as in The Bahamas over the period 2010 to early 2013, reports The Nassau Guardian (March 18, 2014).
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.
The Agricultural Development Bank of China (ADBC) said its non-performing loan rate stood at 3.
And fifth, the non-performing loan problem of major banks has very much ameliorated.
The latter provides for a minimum 12-month probation period for a non-performing loan to be re-classified as performing was introduced.

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