Saturday, July 18, 2009

Bank of Spain reveals that loan delinquency rate has tripled since last year

The bank returns to the delinquency levels of the crisis of the nineties

Very interesting article that has not been covered in the English speaking press, data released yesterday by the Bank of Spain reveals that the arrears on the loans granted by all banks, cash and credit cooperatives that operate in our country reached 4.563% in May, a figure that is expected to reach 6% by the end of 2009. Hope the link through Google Translate works!

Posted by enuii @ 10:50 PM (800 views)
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