performing loan

Performing Loan

A loan that is not in or near default. According to the International Monetary Fund, a performing loan is any loan in which: interest and principal payments are less than 90 days overdue; less than 90 days' worth of interest has been refinanced, capitalized, or delayed by agreement; and continued payment is anticipated. All conditions must be present for a loan to be performing. However, the specific definition is dependent upon the loan's particular terms.

performing loan

As defined by the Federal Financial Institutions Examination Council, a loan that is less than 90 days past due, has not been placed on nonaccrual,or is not in workout status.

References in periodicals archive ?
Permanent TSB said its net interest income from its performing loan book was stable, partly offset by reduced income from non-performing loans sales in 2018.
The two organizations also suggested defining "performing loan" in the new bill since it is not defined in any current regulations or guidelines.
The share sales will help state-owned Bank Mandiri recover a big non performing loan. Kiani Kertas accounts for the biggest part or Rp 1.7 trillion (US$ 190 million) of non performing loans burdening Bank Mandiri.
In addition, the remaining performing loan continues to perform.
* A $2.8 million performing loan accruing at a conventional interest rate secured by a 16,400 square feet, one-story commercial building on Roosevelt Avenue, in the Elmhurst section of Queens, in a busy retail corridor with 21,000 square feet of buildable air rights.
The acquired performing loan portfolio is comprised of 45 per cent of mortgage loans, one third by consumer loans, 15 per cent by business loans and the remaining 7 per cent by loans to the government.
Commercial banks in China are looking to clear non performing loan levels as much as possible.
A market observer said that the non performing loan ratio in one of the banks in Guangzhou reached 50% because the bank mostly loaned to small and medium sized firms.
Pag-IBIG Fund reached record-high performing loans ratio as top executives report double digit growth in its housing loan payment collections in the first half of the year.
The draft law defines terms related to asset management in conformity with applicable international standards and other laws of Mongolia, as well as establishing, operating, independence and supervising of its activities, resolving non performing loans and assets, Asset regulation of management funds, and regulation of the termination of the activities of the Asset Management Company.
Global Banking News-June 13, 2019--EC says non performing loans decreasing in EU
M2 EQUITYBITES-June 13, 2019--EC says non performing loans decreasing in EU

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