spanish banks report fall in bad loans in february
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Spanish banks report fall in bad loans in February

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Spanish banks report fall in bad loans in February

Madrid - AFP

The burden of bad loans held by Spanish banks eased in February as a "bad bank" absorbed risky assets, the Bank of Spain said Thursday. The ratio of defaults as a proportion of total lending dropped to 10.39 percent in February from 10.78 percent in the previous month, the central bank said. Overall, 161.87 billion euros ($211.3 billion) in loans were termed "non-performing" in February, down from 170.69 billion euros in January. In February, four Spanish banks, Liberbank, Caja3, BancoMareNostrum et CEISS, transferred risky assets to Spain's bad bank, a financial entity created to help clear bad loans from the country's shaky financial system, which led to the drop in the bad loan ratio, the central bank said. Spain is shoring up its banks after they were hammered by a property market crash in 2008, using a European Union rescue loan obtained last year of up to 100 billion euros. As one of the conditions imposed in return for the European credit, Madrid agreed to create a bad bank known by the acronym SAREB to absorb impaired assets from troubled banks. Four of the hardest hit banks that were taken over by the state last year, Bankia, Catalunya Caixa, NovaCaixaGalicia and Banco de Valencia, transferred bad loans to SAREB in December, the month it began operating. SAREB is expected to absorb tens of billions of euros in bad loans and other troubled assets that have been weighing on the balance sheets of Spanish banks since the property market crashed. It will then seek to sell those discounted assets at a profit.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish banks report fall in bad loans in february spanish banks report fall in bad loans in february

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spanish banks report fall in bad loans in february spanish banks report fall in bad loans in february

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 21:47 2015 Sunday ,09 August

Ellen Pompeo reflects on Derek Shepherd's death

GMT 18:29 2017 Friday ,27 October

Israel confiscate Palestinian land near Halamish

GMT 12:02 2017 Tuesday ,30 May

Temperatures to peak to 40° today in UAE

GMT 09:35 2017 Thursday ,26 October

Wael Jassar participates in concerts in Cairo

GMT 21:13 2017 Saturday ,09 September

Active outdoors? This smart watch is for you

GMT 19:47 2018 Sunday ,21 January

Fleetwood retains Abu Dhabi HSBC Championship title

GMT 06:51 2018 Sunday ,14 January

S. Africa's Markram falls short of century

GMT 21:42 2018 Tuesday ,09 January

Macron bets on horse diplomacy in China

GMT 07:27 2017 Sunday ,17 September

Russian strike wounds US-backed Syria fighters

GMT 11:07 2017 Monday ,28 August

Saudi congratulates Iraq on city liberation

GMT 08:56 2017 Friday ,29 December

Assy Al Helani cancels concert in Qatar
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice