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2h ago

Spain’s Bank NPLs Hit 17-Year Low as Argentina’s Consumer Arrears Climb

Central bank data underscore a split in asset quality driven by Spanish strength versus Argentine consumer strain.

La morosidad de la banca cae del 3 % en el primer semestre y sigue en niveles de 2008
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Creció la morosidad en Argentina, según el Banco Central.

Overview

  • Banco de España reported a June NPL ratio of 2.97%, dropping below 3% for the first time since October 2008 and down from 3.11% in May.
  • In Spain, doubtful loans fell to €36.29 billion, the lowest since 2008, as total credit rose to €1.220 trillion and analysts cited robust employment and portfolio sales of problem loans.
  • Argentina’s Banco Central said private‑sector delinquency reached 2.9% in June, up from 2.6% in May and 1.8% a year earlier, marking the highest level in about 18 months.
  • Argentine consumer borrowing showed the most stress, with credit card delinquency at 4.4% and personal loans at 6.4%, while mortgage arrears were about 1.4% and UVA‑indexed loans near 1%.
  • Peso lending in Argentina grew 4.2% in real terms in June following the initial unwind of LEFIs, with household delinquency at 5.2% and company irregularity at 1.1%.