Defaults on instalment purchases fall by 25.2% in Spain

The value of unpaid bills of exchange decreased 42.5% in May, as compared with the same month of 2013. The number of expired bills of exchange reached €13,135 million, which is 8.5% below the same month of 2013. Regarding the returned unpaid bills of exchange, the value reached €307 million, which represents a 42.5% annual decrease.

The percentage of unpaid bills of exchange as compared with expired bills of exchange reached 2.3%, i.e. 1.4 points below the same month of the previous year.

In May, 2.4% of the total expired portfolio bills of exchange were unpaid. Likewise, 2.3% of the total expired bills of exchange in debt collection management were unpaid.

64.1% of the value of expired bills of exchange corresponded to unpaid portfolio bills of exchange and 35.9% to debt collection management from clients.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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