By Bloomberg

By Bloomberg

Spanish bad loans rise

Spanish bad loans rise

By Bloomberg

According to the data, 7.16% of loans held by banks were more than three months overdue for repayment in September, up from 7.14% in August. Bad debts have grown steadily ever since a decade-long housing bubble burst in late 2007.

Overall, €128.08 billion in loans were non-performing in September, a record high, and slightly more than the €127.79 billion recorded in August.

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