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Spain's bad loan ratio dips in December

Source: Reuters - Mon 18th Feb 2013
Spain's bad loan ratio dips in December

Spanish banks' bad loans reached 10.4% of their oustanding portfolios in December, down from a record high hit the previous month, data from the Bank of Spain showed on Monday.

Loans that fell into arrears dropped to €167.4 billion in December, pushing the bad loan ratio down from 11.4% reached in November 2012.

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