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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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