Spain's bad loans increased further in March, the Bank of Spain said Friday.
About 8.37 percent of loans held by banks in March were unpaid for more than three months. That compares to 8.3 percent in February. This was the highest bad debt ratio since 1994.
Data came a day after Moody's Investors Service downgraded 16 Spanish banks, citing rising loan defaults and restricted funding access.
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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.