Bad loans up at Spanish lenders

Spanish banks Bankinter and Sabadell both reported rising bad loans yesterday. Mid-sized Bankinter warned its bad loans could hit five per cent of total loans this year, up from 4.28 per cent at the end of 2012. Barcelona-based Sabadell, meanwhile, said its bad loan ratio jumped to 9.33 per cent of total loans at the end of December from 8.46 per cent in September.