Spanish banks' bad-loans ratio hits new record

MADRID: The ratio of non performing loansto total outstanding loans held by spanish banks has risen to a record 9.42 per cent, topping the previous mark of 9.15 per cent set in February 1994. 

According to data published Friday by the Bank of Spain, the total value of the banks' bad loans rose in June to 164.36 billion euros ($202.2 billion), compared to a total loan portfolio of 1.74 trillion euros ($2.14 trillion). 

The bad-debt ratio climbed uninterruptedly between June 2011 and June 2012, increasing by 273 basis points over that 12-month period from 6.69 per cent to 9.42 per cent. 

Edited By Cen Fox Post Team

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Posted in: 19th August 2012, Bank of Spain, Loan, MADRID, Spanish Banks