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Spanish banks continue to reduce their public debt portfolio

TOPICS:
bank spain

Posted By: The Corner 13th October 2016

The amount of government debt registered in the banks’ portfolios fell to 129.684 billion euros in August, over 5 billion euros below July levels. And it’s the lowest amount of public debt in their portfolios since July 2015.

It represents 17.72 % of the total, below the 18.8 % registered at end-last year.

The amount of public debt in the hands of non-residents also fell to 355.1 billion euros (-17 billion). That figure represents 48.52% of the total.

So who bought the most public debt in August? In terms of size, it was actually the Bank of Spain. It held over 116.55 billion euros in August, up from 112.75 billion. But it held just 71.2 billion euros end-last year.

 

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.