Saturday, August 23, 2014   

Spain bad loans swell to record 197b euro
(02-18 18:51)

Spanish banks reported record-high bad loans in December as lenders continued to pay for the country's real estate bust even as the financial sector prepared to exit a 41-billion euro bailout.
Doubtful loans swelled in December to 13.6 percent of all credit extended by Spanish banks, up from 13.07 percent the previous month, a Bank of Spain report showed.
It was the highest bad-loan ratio since records began in their existing form in 1962.
The bad loans in December amounted to 197 billion euros, up from 192.5 billion euros in November.—AFP
   
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