Spanish banks continue to reduce their public debt portfolio

bank spain

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.