July 18, 2014 / 8:17 AM / in 3 years

Spain bad loans ratio remains steady in May at 13.4 pct

MADRID, July 18 (Reuters) - Spanish banks’ bad debts as a percentage of total loans was 13.4 percent in May, holding steady for the second month in a row, as both bad loans and overall lending dropped.

Total credit in the financial system was 1.41 billion euros ($1.91 billion) in May, down from 1.43 billion euros a month earlier, data from the Bank of Spain released on Friday showed.

Bad loans dropped to 189.5 million euros in May from 191.8 million euros in April, after hitting a record high in December.

Spanish banks forecast bad loans will peak this year as the country pulls out of recession. ($1 = 0.7391 Euros) (Reporting by Julien Toyer; Editing by Paul Day)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below