It lowers the mortgage activity and promotes the slowness
18.07.2008
We continue with the slowness in clear ascent, the volume of defaulting loans of the banking institutions has increased 13,3 % in May, up to 25.453 million euros, according to public made information for the Spanish Bank, which coincide with the publication of the numbers of mortgage activity.
According to the report the balance of the credits of doubtful cashing has increased in May in almost 3.000 million euros, and the slowness valuation on the whole of the loans has gone on from 1,28 % of April to 1,459 %.
The increase of the slowness is not only a consequence of the indebtedness in the residential sector, but also of the insolvency of the companies, especially in the construction and real estate sector, as it demonstrates the recent suspension of payments of Martinsa Fadesa.
The slowness does not affect from the same form to all the entities that grant credits. This way, the banks, with credits granted to the value of approximately 790.000 million euros, suffer a valuation of slowness of 1,23 %, opposite to 1,11 % of April.
For his part, the savings banks, with 860.000 given millions, have a valuation of slowness of 1,66 %, while the cooperatives, with a credit portfolio of 93.000 millions, suffer a mulberry of 1.382 millions.
Information of mortgage activity
Also there has just be known the information of activity of the mortgage market in May, which confirm the deceleration of the business of the mortgages.
Comments
Something on that to comment?
