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Spanish banks' bad loans ratio eased in June but remained at high levels, Bank of Spain data showed on Thursday.
The level of bad loans as a ratio of total lending by Spain's financial sector fell 818 million euros to 116.6 billion, taking the ratio down to 6.42% in June from a 16-year high of 6.5% in May.
Bad loans have risen consistently in Spain's banking system as unemployment and high personal debt levels weigh. They are now more than 10 times higher than in the mid-2000s.
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