Spanish Bank Bad-Loans Ratio Rises to Record 10.71% in September
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Spanish lenders saw bad loans as a proportion of total lending climb to a record 10.71 percent in September as the country’s five-year slump spurred non-payment by companies and real estate developers.
The ratio increased from a revised 10.52 percent in August as 3.65 billion euros of loans turned sour in the month, the Bank of Spain said on its website today. The bad-loans ratio was 7.16 percent a year ago.