Off the wire
• Tibetan museum establishes digital records of collection  • Three more arrested for fatal Shenzhen landslide  • Spanish Socialists unwilling to take part in gov't formation talks, says Rajoy  • China's asset securitization market booms  • Muslim women learning English will help integration in Britain: Cameron  • Djokovic, Williams begin Australian Open title defences with easy wins  • China Voice: CPC on road toward clean and advanced Party  • Major news items in leading German newspapers  • Baby panda makes debut in southwest China zoo  • Indonesia mulls new security steps to prevent terror attacks  
You are here: 　 Home

Spain's bad loans ratio falls to 10.35 pct in Nov.

Xinhua, January 18, 2016 Adjust font size:

Spanish banks' bad debts as a percentage of total loans fell to 10.35 percent in November, according to provisional data published on Monday by the Bank of Spain.

Bad loans stood at 138.894 billion euros (151.30 billion U.S. dollars) in the eleventh month of 2015, its lowest level since November, 2011, the Bank said, while overall lending stood at 1.342 trillion euros.

From October to November, bad loans fell by 2.026 billion euros and the rate has fallen by 3.25 percent from the maximum reached in December, 2013 when the bad loans ratio stood at 13.6 percent.

The rate had also fallen in December 2012 and February 2013 as a result of transfers of toxic assets made by some Spanish banks to the Spanish 'bad bank', SAREB. (1 euro=1.09 U.S. dollars) Enditem