All EOS blogs All Spain blogs  Start your own blog Start your own blog 

Spain Real Estate News

What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

Spain's Popular profit slumps on property provisions
02 February 2012 @ 19:03

Banco Popular said profit fell by almost one fifth in 2011 as the Spanish bank made 1.7 billion euros ($2.2 billion) of provisions against bad property loans.

The bank on Wednesday said profit fell 18.7 percent to 479.6 million euros , just above a consensus analyst forecast of 477 million euros.

Spanish banks have hundreds of billions of euros of unsaleable land and property and unrecoverable loans to bankrupt developers sitting on their balance sheets, four years after a housing and construction crash.


Like 0


Only registered users can comment on this blog post. Please Sign In or Register now.


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x