nonperforming loan

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.

nonperforming loan

Under banking regulations, a loan that is more than 90 days past due, that has been placed on nonaccrual,or that is current on its payments but being handled as a workout.

References in periodicals archive ?
Nonperforming loan rates have fallen as banks have strengthened their underwriting abilities and restricted their risk appetite.
The bank's net nonperforming loan grew 30.2 per cent to hit Sh15.2 billion compared to Sh11.7 billion in the previous year.
As the company joins with PRA Group Canada to create a market-leading nonperforming loan business in Canada, Walker will transition with the business and report to Dennis Hunter, vice president of operations for PRA Group Canada.
Asset quality steadily improved as the gross nonperforming loan (NPL) ratio declined further to 2.32 percent from 2.61 percent.
Forty-seven of Japan's 84 publicly traded regional banks saw their respective net profits rise in the April to September first half of fiscal 2011 from a year earlier as nonperforming loan disposal costs declined.
(IRC), a industrial revival entity designed to accelerate nonperforming loan disposals.
"A jump in nonperforming loan levels is just the first phase," Weiss said.
Loans under surveillance -- overdue loans that have not yet reached nonperforming loan standard and bad loans that have been exempted from reporting as nonperforming loans -- totaled NT$410.112 billion, equaling 2.90% of total loans.
Typically, a bank does not want to own the property securing a nonrecourse, nonperforming loan that has declined in value.
For the current fiscal year, the bank expects to further narrow the net loss to 700 million yen by curbing nonperforming loan disposal costs.
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.
In the agreement, Bradesco will purchase 65% of RCB's country-leading, nonperforming loan servicing platform in Brazil, which is currently majority owned by PRA Group.