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The Bank Default Rate Decreased to 4.74% in April and Credit Recovered

According to data from the Bank of Spain, this figure represents a reduction in the bank default rate of almost one percentage point compared to April 2019, when it stood at 5.70%.

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The headquarters of the Bank of Spain in Madrid.

Things are looking up in the banking sector. The non-payment of loans granted by banks, savings banks and cooperatives to individuals and companies fell slightly in April to 4.74%, compared to 4.80% a month earlier.

According to data from the Bank of Spain collected by Europa Press, that figure represents a reduction in the bank default rate of almost one percentage point compared to April 2019, when it stood at 5.70%.

Read the full article in Spanish.

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