spain bank bad loans hit 18year record
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Spain: Bank bad loans hit 18-year record

Egypt Today, egypt today

Egypt Today, egypt 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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spain bank bad loans hit 18year record spain bank bad loans hit 18year record



 
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