Reuters: US Dollar Report: Spain bad loan ratio rises to record in June

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Spain bad loan ratio rises to record in June Aug 19th 2013, 08:24 MADRID | Mon Aug 19, 2013 4:24am EDT MADRID Aug 19 (Reuters) - Spanish banks' bad loans as a percentage of total credit rose to 11.6 percent in June, the highest level on record, Bank of Spain data showed on Monday. The ratio was up from 11.2 percent in May and has been steadily increasing since a drop-off at the end of last year when lenders transferred toxic property assets to Spain's so-called bad bank.

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