Fri, 17 Aug 2012 17:18:38 GMT
Spanish banks' bad loans soared to a record high in June
As the ECB is going to support
Spanish economy, and provide a 100 billion euros
infusion into the economy, nation's non-performing loans jumped to 9.42
per cent in June, up from 8.95 per cent in the month earlier. Meanwhile,
arrears loans soared by 8.4 billion euros to a total amount of 164.4 billion
euros.