Spain’s NPL ratio falls to 5.73% and reaches a 9 year minimum

Spain’s Non Performing Loan (NPL) ratio continued to decline in the first quarter of 2019 up to 5,73%; reaching its lowest level since November 2010 says Spain’s Central Bank.

This results from the continued decrease of the NPL stock, which shrank by almost €1 billion, together with the upward trend in credit granting.

According to the latest data released by Spain’s Central Bank, the NPL stock was already bellow the €70 billion barrier since January, and have further declined in March, standing at €68,844 million – €908 million less than in February.

As for the credit granted, it increased to a total of €1,202 million, after reaching the €1,195 million in February.

This 5.73% NPL ratio represents a figure almost 8 percentage points lower than the 13,61% historic peak recorded in December 2013, and a 1,07 percentage points decline from the 6.8% recorded in March 2018.

Original Story: RTVE|EFE
Photo: |Xexo Xeperti
Edition & Translation:Prime Yield