Spanish banks' bad loans reached the highest on record in June, the Bank of Spain reported Friday.
Bad loans rose to 9.42 percent of total lending in June, compared to 8.95 percent in May. Non-performing loans increased EUR 8.4 billion in June, to EUR 164.4 billion.
The property market crash as well as Spain's record high unemployment rate in the euro area raised banks' bad loans.
by RTT Staff Writer
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