How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Friday 11 July 2014
- Things that have annoyed me this week
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
Spain's bank bad loans hit record high in June
Spanish banks' bad loans rose to a record high in June as assets tied to the country's deflating property market soured further, keeping the financial sector at the forefront of investor concerns about the country's fragile economy.
In the same month that Spain sought a European bailout of up to €100 billion for its struggling lenders, their non-performing loans rose to 9.42% of outstanding portfolios from 8.95% in May, central bank data showed on Friday.
Loans that fell into arrears increased by €8.4 billion to €164.4 billion euros.
Bad loan rates have risen steadily since a decade-long property boom ended 4 years ago, with the country now in its second recession since 2009 and one in four Spaniards out of work.
They could rise further in coming months should an economic recovery fail to materialize, as many banks have refinanced debt owed by struggling companies to prevent them going bust.
Provisions on loan losses and writedowns on real estate assets drove many Spanish banks' profits down sharply in the first half of the year.
Europe-wide, bad loans held by banks have doubled since the start of the financial crisis in 2008, leaving €1 trillion as non-performing, according to a study by PriceWaterhouseCoopers published on Wednesday.
Bad loan rates rose most in Greece, Italy, and Spain, it showed.
Latest News & Stories
- Repsol to start searching for oil off Canary Islands coast by end of year
- eBay's StubHub sting ringleader detained in Spain
- More than 1,000 would-be migrants attempt Melilla fence jump
- Vodafone, Orange update FTTH agreement following Ono deal
- Iberdrola Profit Drops as Spain Renewable Subsidy Cuts Hit
- Bank of Spain Says Growth Accelerated in Q2
- Spain's Prado loses 885 peices of art
- BBVA expects profit boost from Catalunya Banc purchase
- Spain sets rules for dealing with unaccompanied foreign children
- Catalan Separatists Say Debt Investors Can Help Campaign