Large banks exceeded €70 billion in bad loans in 2023

The large Ibex 35 banks will have €70.978 billion in non-performing loans (NPL) at the end of 2023, 2.3% more than in 2022 and an average NPL ratio of 2.99%, according to the accounts published in recent weeks and consulted by Europa Press.

Thus, the average NPL ratio of the institutions (Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja) is 2.99%, slightly below the NPL ratio compiled by the Bank of Spain, which stood at 3.45% in November. However, it should be noted that the data collected includes the international business of these banks and that the situation varies from one bank to another.

If we also take into account special monitoring loans, the main Spanish banks ended 2023 with a portfolio of problem assets of 241,872,000 loans and advances to customers. €241.872 billion euros, 7.4% more than in 2022.

Original Story: Europa Press
Edition and translation: Prime Yield