Blogging from the Highlands of Scotland until I return to the Murcia region of Spain
in the Autumn for a month or so

'Fair and softly goes far' - Miguel de Cervantes

Wednesday, 18 July 2012

Bank of Spain says Spanish banks' bad loans hit new high ratio

The ratio is now the highest since 1994 (AFP), according to the Bank of Spain, with 8.95 per cent of loans, mainly relating to property, considered "doubtful" by end May this year - in monetary terms 155.841 billion Euros (USD 192 billion). The figure has been rising all year from 8.15 percent in February to 8.37 in March and 8.72 in April, from its perhaps 'optimistic' low of 3.37 per cent in late 2008.

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