Spanish banks’ non-performing loan (NPL) rate have retreated to its lowest since 2009.
According to the latest statistical series published by the Bank of Spain, in June the NPL from NFCs and households in the sheets of the Spanish banking institutions fell to 4.4%, compared with 4.55% in May, when it had risen slightly.
In fact, this 4.4% ratio is the lowest level recorded since March 2009, when it stood at 4.26%. It then began to climb month after month, reaching an all-time high of 13.62% in December 2013.
Doubtful loans also fell by 1.76% to 54,218 million euros, the lowest volume in recent years.
Moreover, according to provisional data from the Bank of Spain, the volume of total credit increased by 1.6% in June to 1.232 trillion euros, after a slowdown in loans granted in the previous two months.
Original Story: Cinco Dias | News
Photo: Photo by Victor Iglesias from FreeImages
Edition & Translation: Prime Yield