Bank delinquency continues to rise. Although this last month has been slightly, for the second consecutive period it has risen and stood at 3.59% in May, which represents an increase after the 3.55% reached in April of this year. This has been confirmed by the provisional data published by the Bank of Spain, which ensures that despite reaching this figure, it is still below the level registered in May of last year, when the NPL ratio reached 4.18%.
The national entity has said that the volume of doubtful credits in May was 42,815 million euros, 262 million euros more than in April, while the total volume of credit granted has decreased by 8,572 million euros, reaching 1.19 trillion euros. If compared to May 2022, the volume of doubtful loans decreased by 8,249 million euros, while the volume of total loans ended at 30,383 million euros.
The figures include the methodological change in the classification of Financial Credit Institutions (EFC), which since January 2014 are no longer considered within the category of credit institutions. Without including the change, delinquency would stand at 3.68% in May, since the credit balance was 1,161 billion euros in that month, when the EFC credit was eliminated.
The data broken down by type of entity reflect that the doubtful ratio of the group of deposit entities (banks, savings banks and cooperatives) closed May at 3.49%, above the 3.44% of the previous month, but below the 4.08% of a year earlier.
For its part, the NPL ratio of financial credit establishments stood at 6.58% in the fifth month of the year, higher than the 6.58% in April, but below the 7.15% of a year earlier. According to data from the Bank of Spain, the provisions of all credit institutions increased to 30,868 million euros in May, 122 million euros more than in April.
