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

Spanish Bad Loans Reach 16 Year High

Mon 19th Sep 2011

The Bank of Spain released data earlier today showing how the overall amount of high risk loans held by Spanish banks increased by 3.1 Billion Euros in July alone, and now stands at 124.7 billion euros.

As a percentage, the country's bad loans now represent 6.94% of all lending, which is the highest level seen since February 1995.

Earlier this year Alicante's CAM Bank (Caja de Ahorros del Mediterraneo) reported bad debt levels of 19%, largely due to their exposure to high risk mortgages.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs