ERM Glossary: Renegotiated loan
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Renegotiated loans are loans and
advances that have been renegotiated since first made. Loans may be renegotiated
either as part of an ongoing customer relationship or in response to an adverse
change in the circumstances of the borrower. In the latter case renegotiation
can result in an extension of the due date of payment or repayment plans under
which the bank offers a concessionary rate of interest to genuinely distressed
borrowers.
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