2023-05-26 12:40:25
The delinquency rate of loans granted by the financial sector stood at 3.51% of total loans in March, below the 3.55% in February, and the lowest level since December 2008, when it was at 3.37%. March is the second consecutive month in which non-performing loans have fallen after the rise experienced in January, according to data published by the Bank of Spain. Compared to March of last year, the delinquency rate has improved by 0.73 percentage points because then it reached 4.24%.
The volume of doubtful loans from Spanish entities fell to 42,214 million euros in the first quarter of the year, which is 945 million less than at the end of 2022 and 9,592 million less than in March 2022.
The volume of credit granted by entities has also been reduced in the first quarter by 16,309 million euros, reaching 1.2 trillion euros. However, in March compared to February, loans granted increased by 3,572 million euros, 0.29% in relative terms.
The figures include the methodological change in the classification of Financial Credit Institutions (EFC), which since January 2014 are no longer considered within the category of credit institutions.
The data broken down by type of entity reflect that the doubtful ratio of deposit institutions as a whole (banks, savings banks and cooperatives) closed March at 3.40%, below the 3.46% of the previous month and 4.15%. % of a year earlier.
For its part, the default rate of financial credit institutions rose to 6.48% in March, above the 6.04% in February, but below the 7.08% in March 2022.
According to data from the Bank of Spain, the provisions of all credit institutions fell to 30,513 million euros in March, with a decrease of 1.62% compared to the previous month and 13.71% compared to March 2022.
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