spanish bank bad loans surge to record high
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Spanish bank bad loans surge to record high

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Arab Today, arab today Spanish bank bad loans surge to record high

Arab Today

Bad loans at Spanish banks climbed to a new record high in September, official data showed Monday, despite a 41-billion-euro European-financed bailout of the financial sector. Loans at risk of not being repaid accounted for 12.68 percent of all credit extended in September, up from 12.14 percent in August, a Bank of Spain report showed.

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