Spanish Bad Loans Record High In The Past Quarter To All -Time Highs

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Spanish Bad Loans at record high levels for the Past Quarter.

Last month loan delinquencies in Spain were bad and what is even more interesting is that they are getting worse at a concerning rate.

Furthermore, Spanish bank loan delinquencies rose to an all-time (50-year) record 9.86%. Additionally, the last four months seeing simply unprecedented acceleration in the rate of bad loans.

Numerically, this implies in €172billion of the €1.7 trillion in Spanish financial assets is now bad money bad.

The above graph shows Spanish bank bad loans as a percentage.

Source: binaryoption