Spanish Bad Loans At 17-1/2-Year High

18 Apr 2012

Bad loans represented 8.2% of Spanish banks’ credit portfolios in February, the highest level since October 1994, according to Banco de España.

Bad loans represented 8.2% of Spanish banks’ credit portfolios in February, the highest level since October 1994, according to Banco de España. The central bank also reported that non-performing loans rose by EUR3.8 billion ($5 billion) in February from the preceding month.

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