Posts Tagged ‘bank of Spain’
Late Payments on its Highest Levels in Spain
According to the Bank of Spain, the total number of clearing bad debts 100,000 million euros, are representing 5.4 percent of the total, at least until last April. This indicator provides a percentage point over the same period last year.
The defaults are the data released by the top Spanish financial institution, which ensures that the total number of bad loans has risen from 83.862 million in April 2009-99894000 in the same month this year, representing its highest level in 15 years.
While the savings achieved in this period a delinquency of 5.51 percent, 5.04 percent compared to April 2009, and doubtful debts amounted to 48.105 million (44 616 in 2009), late payment banks, always in the same period increased from 3.81 to 5.40 per cent today. Thus, the total amount of bad loans rose to 30.777 million euros to 42 760 million.
In addition, a fact for thought: according to the Bank of Spain for March 2010, in Spain there are 44 238 branches, 1.554 less than a year earlier. The biggest cut it attacked the boxes, which dispose of 24 004 office, 818 fewer than in March 2009. This drop occurred before the start of the current restructuring process. Moreover, concerning banks, the total number of branches in last March was 14 774, 598 less than 12 months earlier.