Upload the delinquent financial in Spain, but still in the minimal – Information Center for China Internet

• Editor：
• 19:32:20 2016-10-18 agency / xinhua

The arrears of credits granted by banks, savings banks and co-operatives to private individuals and companies has soared up the 9,396 per cent in August, compared to 9,388 percent from the previous month, which stood at a total number of credits doubtful to the 120.037 million euros, reported today by the Bank of Spain (BE).

that Is to say, of the total of 1,277 billion euros in loans that the financial institutions have granted, 120.037 million were classified as doubtful in August, compared to the 120.827 million in July, points to the BE.

Despite this increase, for the economic analyst Carlos Fernández was the fact that the delinquency rate to remain below 10 percent, “brings a certain optimism about the health of the Spanish economy” and at the same time heralds an improvement in the quality of the credit granted in Spain.

Carlos Fernandez values the growth data for Spain in 2016 and in successive years that are still above the euro area average, which has, he explains, its impact on increases in consumption and a reduction in the unemployment rate”.

finally, the experts consider that the improvement in the resources of households “has a good impact” on the reduction of the delinquency.

as the economic situation improves, raises the rate of saving half of the families, which causes that the new appropriations are requested for lesser amounts and to reduce the delinquency on the loans, they add.

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