Bank of Spain on December 17 that as the domestic economy virtually stagnated, the high unemployment rate directly affects the ability of debtors to repay the debt, the Spanish bank bad debt ratio rose to its highest level in 15 years. Data show that banks, financial cooperatives, and retail credit card company in November the amount of outstanding loans to total loans ratio of 5.49% qoq to 5.66%.
Bank of Spain requirements before the end of the savings banks disclose the specific financial reporting in order to take early measures to deal with possible losses. Listed on the Santander and other banks, Bank of Spain requires its earnings in 2010 to provide more detail, especially with the housing market-related exposures. Spain in July on the European stress test to check the entire banking system, there are five savings banks failed to pass the test. Bank of Spain said that according to the worst stress test assumptions, the banking system will need 1.835 billion euros (24.4 billion U.S. dollars) in additional capital.
Analysts pointed out that about one-fifth of the Spanish people in long-term unemployed, the amount of bank loans outstanding increased year by year, the Bank of Spain has been the collapse of the real estate industry on the risk of exposure is very high. Bank of Spain data show that one of Spain's biggest bank loans Ibercaja, 53% of mortgage loans; and Madrid, Bankinter SA bank mortgage compared to 46%.达拉夫奎恩 Nomura Securities analyst, said in Madrid, Spain, mortgage banking more on the debt the greater the difficulty of re-valuation.
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