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The Bank of Spain released data earlier today showing how the overall amount of high risk loans held by Spanish banks increased by 3.1 Billion Euros in July alone, and now stands at 124.7 billion euros.
As a percentage, the country's bad loans now represent 6.94% of all lending, which is the highest level seen since February 1995.
Earlier this year Alicante's CAM Bank (Caja de Ahorros del Mediterraneo) reported bad debt levels of 19%, largely due to their exposure to high risk mortgages.
