Madrid, December 18 (EFE) .- The default credit extended by the various entities of the Spanish financial sector appears to have peaked, as in October fell for the second consecutive month to 12.92%, its lowest in more than a year, as mortgage loans, which have stepped on the brake and has dropped to 6% in September.
According to data published today the Bank of Spain, for October to banks, rural banks and financial institutions and September for the arrears (mortgage and promoter) sectors is published quarterly, blackberry promoter has also dropped to 37.4% from 37.8% in March.
At the end of the third quarter of this year, delinquent mortgages totaled 35.206 million euros for a loan portfolio of 586 086 000.
Meanwhile, Debt developers with Spanish financial institutions stood at 156.197 million in September, of which, the 58,495,000 37.4% – were delinquent, below the previous quarter, but above the 33.6% that marked a year ago.
In the financial sector in general, improving the NPL ratio was due to the fall in the volume of loans and doubtful receivables resulting from sales of debt portfolios conducted by various financial institutions.
But has also noticed a slowdown in delinquencies, as referred all entities in their accounts and balances falling due to the progressive leveraging or deleveraging families and companies.
In this way, bad debts accumulated in the Spanish financial system in late October again reduced to the 178.386 million euros, from 180 517 000 September.
The volume of credit was, for its part, 1.380 billion, from 1.386 billion the previous month.
Twelve months ago, ie in October 2013, the indicator stood at 13% before sales dubious portfolios with a significantly higher both credit (1,469 billion) and outstanding (190,971,000) volume.
The default published today is not only the lowest in thirteen months but this is also the first time that the low ratio of 13% since October 2013.
The year 2014 began with small falls in January, February and March, after the January 1st Bank of Spain made effective a change in the method of calculating the arrears, which now includes on total credit corresponding to the Financial Institution (EFC).
After these descents, who had left the ratio at 13 , 39%, delinquencies rose slightly in April, up 13.44%, to lose again in May to 13.39% and go back in June to 13.06%.
After again up to 13.15% in July and August to 13.25% loss in September to 13.02%.
The group of companies formed by banks, building societies and credit unions or banks Breakfast also saw improved its rate of defaults in October to 13% from 13.11% in September.
In this group, whose figures are aggregated and apart from those for the Financial Establishments Credit (EFC), the balance of bad loans also fell, to 2.111 million euros, to be on 172 969 000.
The same happened with the joint loan portfolio of these three types of entities, which fell to 1.330 billion from 1.335 billion in September.
As for the Financial Credit (EFC), the indicator stood at 11.10% for the second consecutive month, a level at which it fell into September after staying for the previous three months 11.83%.
The loan portfolio of these entities, which are mainly used to finance consumer goods stood at 34.946 million euros, a level almost identical to that totaled 34.981 million in September, just as doubtful, which fell almost imperceptibly up to 3.878 million from 3.882 million the previous month
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