Loan Payment Delay

Bank defaults continue to rise slowly, which means that if the credit delinquency in July stood at 100,000 million euros in August that delinquency increased to 102 000 million, which makes that number continues to rise month after month to be on the default rate close to that experienced in 1996 .

And late payments reached in August raised to 5.61% a very high figure, which came to be achieved in 1996. The increase in the amount of arrears means that delinquency increased by 0.14% from July to August, while the increase is greater if we compare the data with the previous year as the current delinquency increased to 0.67%. This situation makes it look like the bad loans have grown from year to year in more than, 11 million, a figure that is large enough.

But despite the emergence of late August, it must be said that late payments are not at the highest level this year, but slightly below the top of the arrears, once placed in March at the default level of 5.70%.

If we learn the deepest delinquency, we realize that financial institutions are largely because of high arrears in their credit risk, delays in the remaining 10.13%.
Then the remaining savings banks in the default rate 5.69%, so that beyond the banks, left with the amount of arrears amounting to 5.37%. While the best data lack the credit union, which remained at slightly lower levels of delinquency and is 4.22%.