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Spanish banks' bad loan ratio falls to 11.95 pct in April

Xinhua, June 18, 2015 Adjust font size:

Spanish banks' bad loan ratio as a percentage of total loans fell to 11.95 percent in April, according to provisional data released Thursday by the Bank of Spain.

Spanish bank's bad loan ratio fell from 12.09 percent in March to 11.95 percent in April, with bad loans falling by 4.604 billion euros (about 5.249 billion U.S. dollars) on a month-to-month basis to a total of 161.615 billion euros, as opposed to the 166.219 billion of March.

According to the Bank of Spain, overall lending fell by 22.947 billion euros in April to 1.352 trillion euros.

On a year-on-year basis, Spanish banks' bad loan ratio fell by 1.49 percent, dropping from the 13.44 percent of April, 2014 to the 11.95 percent of April, 2015.

Spain's banks non-performing loan ratio has been falling for four consecutive months, falling below the 12 percent point mark for the first time since July, 2013. It had peaked at 13.6 percent in December 2013. (1 euro = 1.14 U.S. dollars) Endit