Tuesday, August 20, 2013

Epic Research Singapore : European Market Update


Spanish banks hit a record high in June as a ratio of total issued credit, according to Bank of Spain data released on Monday.

The percentage of bad loans hit 11.61%, its highest level on record, compared the May's reading of 11.2%.

Doubtful loans on credit institutions' balance sheets increased to €176.42bn, from the prior months €170.21bn.

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