1 Min Read
MADRID, May 19 (Reuters) - Spanish banks' bad debts as a percentage of total loans was 13.4 percent in March, stable from February, as both bad loans and overall lending dropped.
Total credit in the financial system was 1.440 billion euros ($1.97 billion) in March, down from 1.453 billion a month earlier, data from the Bank of Spain released on Monday showed.
Bad loans dropped to 193 million euros from 195 million euros in February, after hitting a record high in December. ($1 = 0.7297 Euros) (Reporting by Julien Toyer)