Friday, November 28, 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
   
Other Business breaking news:
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)
Coca-Cola partnership to create biggest bottler in Africa (11-27 17:45)
Eurozone loans to private sector still contracting: ECB (11-27 17:21)
Hang Seng down, Shanghai on three-year high (11-27 16:35)
European stocks mixed at open (11-27 16:22)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.