Spain bad bank loans hit record high in Aug.: data

The bad loans ratio rose to 10.51 percent of the total in August from a revised 10.1 percent in the previous month, the Bank of Spain said in a report.

Preliminary data released last month by the central bank had put the bad loan ratio in July at 9.86 percent.

Overall, 178.6 billion euros (US$234 billion) in loans were at risk of not being repaid in August.

Up sharply from a share of 8.96 percent of total loans in May, it was the highest bad loan ratio recorded since the central bank began compiling the data in 1962.

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