What the banks were missing. After the brick, non-payments by SMEs skyrocket

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So far this year and they have had to provision 30,000 million more When they have not yet finished digesting the toxic assets of the brick, another alarming front has opened up for the banks: the defaults of small and medium-sized companies, which have grown by 40% so far this year. Large financial groups have already been forced to provision 30 billion more than in to cover this new risk. As El Confidencial Digital has learned from high-level financial sources, the main Spanish banks are already working with a scenario of growing corporate defaults , apart from the development and real estate sector. They have detected a 40% increase in non-payments by small and medium-sized companies so far this year. A fact that, according to some entities, has set off all the alarms at the top of the large financial groups.

They recognize that the lengthening of the current crisis is beginning to make it difficult for a large number of SMEs to respond to their loans from banks. Banks are provisioning The main banks have already begun to cover the risks of the increase in bad debts among small and medium-sized companies, which threatens to increase Middle East Mobile Number List  even more in the coming months due to an economic environment marked by weak growth. The data managed by the Bank of Spain , to which ECD has had access , reveal that banks and savings banks have decided to make 35% more provisions until this June, compared to those they made in the same period last year. This translates into 98,000 million euros , 30,000 more than in the same period of the previous year, when 68,000 million were provisioned to cover credit risks . It affects almost all sectors According to the sources consulted, business defaults are already affecting all sectors of the Spanish economy.



However, they warn that those that are suffering the most from this asphyxiation are the companies related to commerce , due to the sharp drop in domestic consumption. The forecasts used by the large banks are not optimistic . Nor those that have been announced in recent weeks by some international organizations, such as the International Monetary Fund , which confirm that the trend of a growing number of SMEs defaulting on payments will worsen in the coming months. A new front for banks The financial sources consulted by ECD explain that the growing defaults that small and medium-sized companies are beginning to register represents a new front for the sector. They remember that, while banks continue to put a stop to the risks derived from the real estate sector - with the two decrees promoted this year by Economía - the rise, now, in non-payments by SMEs represents a new headache for entities.