In this paper, probabilistic seismic performance assessment of a typical non-seismic RC frame building representative of a large inventory of existing buildings in developing countries is conducted. Nonlinear time-history analyses of the sample building are performed with 20 large-magnitude medium distance ground motions scaled to different levels of intensity represented by peak ground acceleration and 5% damped elastic spectral acceleration at the first mode period of the building. The hysteretic model used in the analyses accommodates stiffness degradation, ductility-based strength decay, hysteretic energy-based strength decay and pinching due to gap opening and closing. The maximum inter story drift ratios obtained from the time-history analyses are plotted against the ground motion intensities. A method is defined for obtaining the yielding and collapse capacity of the analyzed structure using these curves. The fragility curves for yielding and collapse damage levels are developed by statistically interpreting the results of the time-history analyses. Hazard-survival curves are generated by changing the horizontal axis of the fragility curves from ground motion intensities to their annual probability of exceedance using the log-log linear ground motion hazard model. The results express at a glance the probabilities of yielding and collapse against various levels of ground motion intensities.