Archive for the ‘Credit’ Category
According to the Bank of Spain, late payment of credit extended by banks, savings banks, cooperatives and credit institutions increased in November to 5.68%, reaching its highest level since January 1996.
Thus the credit delinquency is on the 104.781 million euros, where the highest number of defaults recorded as financial institutions, which stood at 10.30%.
For their part, banks reported a 5.81% default rate, exceeding for the second consecutive month the savings banks, in which case the defaults came to 5.53%, while credit unions under the default level ranking at 4.43%.
In the case of banks, the NPL ratio remained almost unchanged for the month of October, after spending of 5.80 to 5.81% for a loan portfolio of 830 613 000.
Also, savings were increased its loan portfolio as well as the level of delinquency for. Its loan portfolio to 855,577,000, and the volume of up to 47,327,000 doubtful, from 5.49% in October to 5.53%.
By contrast, credit unions decreased the level of delinquencies to 4.43% from 4.45% in October, and that while its loan portfolio grew to 97 190 million, the volume of bad loans fell to 4,310 million from 4,320 million.
Finally, late payment of credit institutions rose again at around 10.3%, for a portfolio of 41.151 million euros of which 4.238 million were questionable. Read the rest of this entry »