NPL&REO News

Non-performing credit grows for the first time in almost 18 months

For the first time in almost 18 months, in January Spain’s Non-Performing Loans (NPL) stock increased from the previous month, going 0.2% up to €67.330 million and breaking the downward trend that had been recorded since July 2017, data from Banco de España show.

However, Spain’s NPL volume is now 28% bellow the stock recorded in January 2018, keeping the same homologous trend than the previous months. As for the total credit stock there was also a monthly decrease of 1% in January, standing at €1,141 billion – a 3.5% y-o-y decrease.

According to these latest figures released by Spain’s Central Bank, there has also a slight increase in the NPL ratio, from 5,84% in December to 5,89% in January, with this indicator growing for the first time since January 2018.

Original Story: La Vanguardia | Oscar Gimenez
Photo: Banco de Espana
Translation & Edition:Prime Yield

 

 

Top