spanish banks\ bad loan ratio hits 18year high
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Spanish banks' bad loan ratio hits 18-year high

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Arab Today, arab today Spanish banks' bad loan ratio hits 18-year high

Madrid - AFP

Spanish banks' bad loans ratio shot to an 18-year high in February, official figures showed Wednesday, as they struggled with a mass of property-related loans turned sour. Doubtful loans surged in February to 143.8 billion euros ($188 billion) or 8.15 percent of total assets -- the highest ratio since 1994 -- from 7.91 percent in January, the Bank of Spain said.

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