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 - Thursday 23 October 2014
- Mr Grumpy v Angeles Duran
- 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
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
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
- Spain Sees Cost of Petrol and Diesel Fall
- Spanish Students Protest for 3 Consecutive Days
- Spain's Bankinter profit up 31.6%
- Bank of Spain sees Q3 GDP growth at 0.5 pct q/q
- Spanish unemployment falls to 3 year low
- Spain to invest €864m in ports in 2015
- PP seeks to legalise spot deportations of illegal immigrants
- Catalan Finance Chief Open to 'Scottish Solution' in Spain
- Spain sees foreign visitor numbers up 7.4% 2014 y-t-d
- Iberdrola Profit Declines After Spain Cuts Renewable Subsidies