Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

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