The pro­vi­sions of fi­nan­cial ins­ti­tu­tions stood at 39,668 mi­llion euros in June

Spanish Banks’ Non-Performing Loans Fall To 4.4%, The Lowest Since 2009

Bank of Spain.
Bank of Spain.

Non-performing loans granted by credit ins­ti­tu­tions to com­pa­nies and in­di­vi­duals fell to 4.4% in June, com­pared with 4.55% in May and 4.67% a year ear­lier, ac­cor­ding to pro­vi­sional data from the Bank of Spain. This is its lo­west level since April 2009, when the NPL ratio began its climb – which reached 13% in 2014 – as a re­sult of the fi­nan­cial cri­sis.

Total credit to the private sector increased by 1.62% in June to 1.2324 trillion euros. This figure is 0.72% lower than in June 2020.

Meanwhile, non-performing loans fell by 1.76% in June, to 54.218 billion euros, which also represents a decrease of 6.47% compared with the same month in 2020.

To deal with possible defaults, the provisions of financial institutions stood at 39,668 million euros in June, 1,427 million less than in the previous month, a decrease of 3.47%. This is the third consecutive month of decreases, after uninterrupted increases between November 2020 and March 2021. These provisions are 2.1% higher than a year ago.

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