Overview

• Spain’s non-performing loan ratio slipped to 2.97% in June, its first sub‑3% reading since October 2008 and down from 3.11% in May, according to the Banco de España.
• In Spain, the stock of doubtful loans fell to €36.291 billion, the lowest since June 2008, while total credit rose to €1.220 trillion.
• Spanish banks’ improvement reflects a strong labor market and active sales of problem-loan portfolios, with about €17.86 billion sold across 32 deals last year, though some analysts warn faster consumer lending could pressure asset quality.
• Argentina’s private-sector delinquency reached 2.9% in June, up from 1.8% a year earlier, with the increase concentrated in unsecured consumer credit, per the Banco Central’s banks report.
• In Argentina, credit card delinquency rose to 4.4% and personal loans to 6.4%, mortgages hovered near 1–1.4%, and real peso lending grew 4.2% in June as LEFIs were unwound and deposits increased.