Spanish banks' bad loans soared to a record high in June

Note: This section contains information in English only.
Source: Reuters

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.

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