Xinhua, Madrid :
Spanish banks’ non-performing loans as a percentage of a total credit stood at 13.42 percent in February, according to data published Monday by the Bank of Spain.
The figure meant a 0.11 percentage point fall on a month-to-month basis as bad loan ratio stood at 13.53 percent in January when the Bank of Spain changed the way lenders were classified and some financial firms were not taken into account as credit institutions.
They were classified as receivers of loans which pushed up the total credit causing a fall in Spanish banks’ bad loan ratio in January. According to the Bank of Spain, bad debts within the Spanish banking system stood at 195.09 billion euros (269.04 billion U.S. dollars) in February, while total credit portfolio stood at 1.453 trillion euros in February, falling from the previous 1.457 trillion euros of January.
