This Is The #1 Most Devastating Chart For The Spanish Banking System

In a new note, SocGen’s Patrick Legland identifies Spain’s 10 most problematic charts, a particularly relevant topic given today’s big fall in Spain and Spain’s official request of a bank bailout.

In the section of the note related to banks, this is the top chart, and it basically speaks for itself.

spanish real estate

Photo: SocGen

The flip side of that is this surge in Spanish non-performing loans.

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Photo: SocGen

 

Click here to see 14 jaw-dropping facts about the Spanish economy >

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