Investment Funds Get Ready to Spend €126 Billion on Doubtful Debt

The economic crisis caused by Covid could double the current stock of bad loans in Spain to 160 billion euros.

The economic crisis caused by Covid could double the current stock of the doubtful loans in Spain to 160 billion euros, according to the calculations of the Gloval integrated firm, Prime Yield, which specialises in the valuation of assets and real estate loans for investment funds and financial institutions.

Specifically, Spain’s current stock of non-performing loans amounts to 79.3 billion euros, 6% less than the figure registered in June 2019. As such, it is the third-ranked country in the European Union by NPL volume, behind only France, with 126.6 billion euros, and Italy, with 108.4 billion euros.

Read the full article in Spanish.