EU Directive on budgetary frameworks Non-performing loans

A loan is non-performing when

  • payments of interest or principal are 90 days or more past their due date;
  • interest payable of 90 days or more has been capitalised, refinanced, or delayed by agreement; or
  • payments are less than 90 days overdue, but there are other good reasons (such as a debtor filing for bankruptcy) to doubt that payments will be made in full.