| Spain's central bank Tuesday said bad debt levels in the country's construction and real estate sector are rising slightly, even though non-performance in mortgages and other retail loans is decreasing, a sign that a three-year long property bust is still taking a toll on banks.
In a twice-yearly report, the Bank of Spain said the country's commercial banks must keep cutting operating costs, to offset the effect of narrow interest margins in what it called a "difficult" environment for the sector..............................................Full Article: Source
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