More Bad Debt, Non Performing Loans for Chinese Banks

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From: Shaina Masi

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The bad loan ratio of Spanish banks hits a new record

More grim economic news from Spain. The bad loan ratio of Spanish banks hits a new record as people struggle to make repayments in the recession-hit country.

Now the Bank of Spain says that non-performing loans in August rose to over one-hundred eighty billion euros. That's over twelve percent of all the credit extended by Spanish banks. The bad loan ratio has been steadily climbing in recent months as households and small businesses struggle with their debts. Madrid has so far withdrawn...

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From: PressTV Videos

Related topics : bank loans for bad credit / non performing loan bad debt / need bad credit loan / business loan bad credit

Banks made Kshs 134 billion in pretax profit last year

Banks were less profitable in 2015 weighed down by a growing portfolio of non-performing loans and rising expenses. Profit before tax fell 5.03 percent to 134 billion shillings in 2015 from 141 billion shillings recorded the previous year. The banking sector report by the Central Bank of Kenya indicates that banks registered an increase in bad debt charges and interest expenses of 11.6 billion and 30 billion shillings respectively.

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From: KBC Channel 1

Related topics : non performing loan bad debt