Spain Bank Lending April 2008

Spanish banks found more money to lend in April, and new lending on the month was up 6.755 billion euros, or a 10.3% year on year rate. This means that the banks have now been accessing new money at a more rapid rate virtually every month since last Decembers dramatic low. Of course what we don't know is how much they are having to pay to obtain this money.



At the same time the year on year percentage increases in new lending have still been dropping since January 2007.