Spain’s ‘Big 6’ report decrease in NPLs for 1Q20 with COVID-related spike anticipated
Spain’s six largest banks have all reported a decrease in non-performing loans (NPLs) for 1Q20, but vast provisions have been set aside in anticipation of a COVID-fuelled spike in bad loans. Santander Group, BBVA Group, CaixaBank, Sabadell, Bankia, and Bankinter reported a combined €71.9bn in NPLs as of March. This figure is down substantially compared…