Decrease in Consumer Credit
After six months of decline in consumer credit, last September, has increased dramatically in this region are given increased 21% in consumer credit for August. Specifically, in September was awarded 1.346 million Euros, far more than 1.107 million in August.
Credit has begun to decline since last April, but compared with the previous year they maintain their growth. Lowest year has been achieved only in August.
Financial institutions have eased lending due to high delays, which are often present. In particular, in June, consumer credit delinquency was close to 8% to 11,000 million in bad loans.
Spanish bank said that the face of this quarter is expected to increase in demand for funds in all sectors except consumer applications continue without major changes.
However, the financial institution has managed to offset lower consumer loans with higher interest. On average, interest in this type of financing in September stood at 7.22%
Interest on loans and get the fourth consecutive month of protests, although it should be noted that one of the lowest this year since early 2010 and stood at around 10%. Though of course these figures are the average rate taken from the set of entities, some may offer lower interest rates sometimes higher.