Delinquency falls slightly in May and bank credit stagnates

The non-performing loans granted by Spanish banks fell again in May, although only one hundredth with respect to April (4.19%), until 4.18%, its lowest level since January 2009. For its part, credit granted by the sector stagnated compared to the rise in April.

According to provisional data from the Bank of Spain, delinquency of loans granted by the total of credit entities to companies and individuals maintains the containment tone of recent months, to stand at 4.18% in the month of May, compared to 4.19% in April and 4.55% registered a year earlier. In this way, the doubtful loans ratio continued its downward trend and remained at its lowest since January 2009, when the rate stood at 3.89%.

This doubtful loans ratio -according to the data broken down by type of entity- reflects that the set of deposit entities -the one corresponding to banks, savings banks and cooperatives- closed May at 4.08%, compared to 4.09% in March and 4.48% a year earlier, likewise its minimum level since January 2009. As regards financial credit establishments, their default ratio stood at 7.14% in the fifth month of the year, above the 7.12% of the month before and the 6 .83% from May 2021.