Spanish banks may loss a total of EUR 260 billion on its bad loans, reports said Monday citing an estimate by the International Institute of Finance (IIF).
It estimated the bad loan losses to be in the rage of EUR 216 billion-EUR 260 billion and said the Spanish banking sector will likely need around EUR 60 billion in order to remain viable.
"Substantial divergences between individual banks suggest that government assistance will be needed for a significant number of banks, mainly the cajas," the report said. Cajas are the country's savings banks.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.