Spanish Banks Refinanced, Restructured $272.4 Billion in Loans

Spanish banks had 208.2 billion euros ($272.4 billion) of refinanced or restructured loans at the end of last year, a figure that analysts said could translate into further losses.

Twenty-four percent, or about 51 billion euros, of that relates to mortgages, 36 percent to non-real estate companies and 33 percent to property and construction, the Bank of Spain said in its financial stability report published today. The balance was in loans to households and government.