The Credit Bank grows at slower pace than a year ago

Banks operating in Spain closed in May with a cumulative balance of loans to its customers 799696.16 million, a 11.8% increase over the same period last year, but reduced by nearly half the growth experienced claims in May 2007, according to data published by the Spanish Banking Association (AEB) collected by Europa Press, confirming the slowdown, recording the sector.
A pesar de que en mayo los bancos continuaron aumentado la concesión de créditos, su crecimiento lo hace a un menor ritmo no sólo si se compara de manera anual, sino mes a mes. Despite the fact that in May the banks continued to increase in the provision of credit, its growth it does so at a slower pace, not only when compared on an annual basis, but month by month. En concreto, en mayo de 2007 los créditos crecían a un ritmo del 21,5% respecto a 2006, mientras que en abril de este año crecieron un 12,3% respecto a 2007, cinco puntos por encima del crecimiento de mayo. Specifically, in May 2007 appropriations grew at a rate of 21.5% over 2006, while in April this year grew by 12.3% compared to 2007, five points above the growth in May.
The total loan investment banks reached in the first five months of the year more than one billion euros, 10% more than the same period of 2007, while deposits rose to 618140.8 million, a 7 15% more.
The six major banks Spanish-BBVA, Santander, Banesto, Banco Sabadell, Bankinter and Banco Popular, unite together for 76% of total loans from the sector until May, with 607027.17 million euros.

For entities, BBVA led the ranking of claims, with a volume of 219283.08 million, followed by Santander (163427.75 million), Banesto (72185.28 million), Banco Sabadell (61817.65 million), Banco Popular (51,600 , 39 million) and Bankinter (38713.24 million).