SPANISH banks' bad loans rose by nearly 2 billion euros to a fourteen-year high in February as crisis-hit borrowers struggled to service debts, data from the Bank of Spain showed yesterday.
Non-performing loans (NPL) rose to 5.3 percent of total non- credit card debt at Spains' banks and financial institutions in February, from 5.2 percent in January, while total lending increased slightly to 1.76 trillion euros.
NPLs were the highest among Spain's regionally-focused savings banks where bad debt rose to 5.43 percent of total non- credit card lending in February from 5.34 percent in January.
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