spain private sector debt reduction

Spanish banks credit lending

Demand, Not Supply, Is The Problem Affecting Credit In Spain

J.L.M. Campuzano (Spanish Banking Association) | The private sector in Spain is continuing to reduce debt. Financing for companies and households has fallen an annual 0.7% and 1.7% respectively, according to August data from the Bank of Spain. One might conclude from these figures that there is still restrictions on credit in Spain. But nothing could be further from the truth.