The delinquency of the credit granted by banks
Savings banks, cooperatives and financial credit establishments to Spanish families and companies rose in April to 8.72%, a level that it had not reached since May 1994, which continues at its highest levels in recent years. 18 years, according to data from the Best Bank collected by bank.
According to provisional data published by the Best Bank, the delinquency of the Spanish financial sector grew three tenths with respect to the 8.36% registered in March, when it rose two hundredths compared to the 8.15% marked in February.
The portfolio of doubtful loans stood at 152,740 million USD at the end of the fourth month of the year, with which it exceeded 150,000 million for the first time since June 1996 and stood at 4,772 million above the previous month.
For their part, credit financial institutions ended last April with a delinquency rate of 8.628%, from 8.63% the previous month and with a balance of 3,529 million USD. It is striking that the delinquency of these entities dedicated to loans to acquire consumer goods such as a car or a computer is lower than that of banks.
The doubtful credit of these entities decreased slightly in April compared to the previous month, since it stood at 3,529 million, compared to 3,574 million in March. If we compare these data with those recorded a year ago, the unpaid credits of the EFCs improved by almost one percentage point, since in April 2011 they were delinquent at 9.59%.
Delinquency rate of loans granted by financial institutions
The doubtful portfolio, meanwhile, fell by 314 million USD in twelve months, since in April last year the figure was 3,843 million USD unpaid. In addition, the entities as a whole had provisioned 375,810 million USD at the end of April, of which 84,287 million were to cover the loan.
The delinquency rate of loans granted by financial institutions for real estate activities reached 22.8% in the first quarter, with 67,421 million USD, the highest figure in history. The default of the promoters has more than tripled since 2008, the year in which it reached 19,416 million USD, starting an upward progression that has not yet ended. Thus, the data at the end of this first quarter is more than seven percentage points higher than the same period in 2011 (15.2%) and reflects that these companies are also facing a difficult 2012.
The balance of doubtful loans in the real estate activities section stood at 67,421 million in March, which represents an increase of more than 5,000 million compared to the end of 2011 and almost 20,000 million compared to March 2011.
Total loans for real estate activities reached 295,696 million USD, 0.8% less than at the end of 2011, and 5.2% less than the first quarter of last year.
Balance of doubtful mortgage loans
Likewise, mortgage delinquency reached 3% in the first quarter, three tenths above the level reached in 2011, of 2.7%. The balance of doubtful mortgage loans reached 18,326 million at the end of the last quarter, while the total balance of loans for the purchase of home with mortgage guarantee closed at 608,763 million.
Thus, mortgage loans have decreased 0.6% compared to the end of 2011 and 0.9% compared to those signed in the first quarter of last year, clearly reflecting the drop in home sales. which, in turn, is behind the difficulties that promoters are going through.