Arab Today, arab today spanish bank bad debts hit record in august
Last Updated : GMT 11:14:33
Arab Today, arab today
Arab Today, arab today

Revealing persistent balance-sheet weakness

Spanish bank bad debts hit record in August

Arab Today, arab today

Arab Today, arab today Spanish bank bad debts hit record in August

Woman uses automated teller machine (ATM) outside branch of Bankia in Madrid
Madrid - Arab Today

Woman uses automated teller machine (ATM) outside branch of Bankia in Madrid Spain\'s banks reported Friday record high bad loans in August, revealing persistent balance-sheet weakness despite a eurozone-funded bailout. Bad loans rose from the previous month by 2.0 billion euros ($2.7 billion), or 1.13 percent, to an unprecedented 180.7 billion euros ($247 billion).
That represented 12.12 percent of all credit extended by Spain\'s banks, up from 11.97 percent in the previous month.
Bad loans in Spain, mostly linked to the collapsed property sector, have now hit a record high for three straight months.
Last year, the eurozone agreed to finance a rescue of Spain\'s banks, swamped in bad loans since a property bubble imploded in 2008 plunging the country into a recession.
Spain, the eurozone\'s fourth-largest economy, has so far withdrawn 41.3 billion euros from the eurozone rescue loan.
EU officials last month hailed the strengthening of Spain\'s banking sector since the rescue but warned that a drop in lending and high debt levels posed a risk.
Spanish banks were regaining access to funding on the markets and their deposits have been rising, the European Commission and the European Central Bank said in a report.
But the report also warned that bank profits could take a hit as the Spanish government and private sectors tried to lower debt and as the property sector sank further.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish bank bad debts hit record in august Arab Today, arab today spanish bank bad debts hit record in august

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish bank bad debts hit record in august Arab Today, arab today spanish bank bad debts hit record in august

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday