Arab Today, arab today spain bank bad loans hit 18year record
Last Updated : GMT 05:46:54
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Spain: Bank bad loans hit 18-year record

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Arab Today, arab today Spain: Bank bad loans hit 18-year record

Madrid - AFP

Spanish banks\' bad loans rose to an 18-year record in January, Bank of Spain figures showed on Tuesday, mostly because of property-related credits that turned sour. Loans in doubt of being repaid amounted to 140.03 billion euros ($185 billion), or 7.91 percent of total credits -- up from 7.61 percent in December and the highest ratio since 1994.

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