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Spain banks' bad loans ratio 13.4% in Feb

Source: Reuters - Mon 21st Apr 2014
Spain banks' bad loans ratio 13.4% in Feb

Spanish banks' bad debts as a percentage of total loans dipped slightly to 13.4% in February compared with 13.5% in December as both bad loans and total lending dropped.

Total credit in the financial system was 1.453 bln in February, down from 1.458 bln a month earlier, data from the Bank of Spain released on Monday showed.

Bad loans dropped to 195 mln from 197 mln a month earlier, after hitting a record high in December.

Spanish banks, crippled with sour assets after a prolonged property bubble burst in 2008, mostly forecast that bad loans will peak this year as the country pulls out of recession and lending picks up again.

Further Reading :

* Bank of Spain denies report of further stress tests this month

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