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Spain's bad loans ratio fell slightly in March from February, after six months of rises, due to a slight uptick in overall lending volumes, the Bank of Spain said on Wednesday.
The level of bad loans as a ratio of total lending by Spain's financial sector - including banks, financial cooperatives and retail credit cards - dropped to 6.11% in March from 6.20% reached in February, the highest level since Sept. 1995.
The level of unpaid debts has been rising steadily in Spain since the beginning of the global financial crisis, which burst a decade-long property bubble and has left over 5 million jobless.
Bad debts fell by 1.069 billion euros to 111.511 billion euros in March, the central bank said.
