Five Days / The delinquency of loans granted by financial institutions in Spain has fallen to 9.84% in May, which is its lowest level since June 2012. The data, provisional and published yesterday by the Bank of Spain, contrasting with registered only a year ago, when the delinquency rate of banks stood at 11.42%, or 2013, when it was 13.6% . This decline has occurred despite the decline of the aggregate volume of credit in the sector, which in annual terms is down just over 5%. I n one year, doubtful loans have decreased by 18%.
Although the default of the financial sector in Spain remains one of the highest in Europe, as recalled yesterday the governor of the Bank of Spain, Luis Marías Linde, known yesterday data are good news and suggest more risk control culture in the sector, despite the temptation of seeking greater profitability in an environment of low interest rates. Despite the credit facilities provided by the ECB to boost lending to individuals and companies, this continues to fall in Spain, which is explained by fears of demand endedudarse in an economic situation in which many factors still persist uncertainty
SPAIN. the blackberry banking back
Information Five Dias
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