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MNI BRIEF: Spanish SME Debt, Losses To Rise Despite Recovery

(MNI) Frankfurt

Spanish SME's short-term liquidity risks as a result of the Covid-19 crisis were mitigated substantially by fiscal and monetary policy measures, but steep falls in profitability levels and higher debt burdens have increased the proportion of vulnerable firms, despite expectations of a continued recovery in economic activity, an Occasional Paper published by the Bank of Spain concludes.

The proportion of firms at risk of becoming non-viable due to persistent losses is projected to rise by 2-3% through to 2023. Some 3-4.6% of firms will remain viable but over-indebted by between EUR9 billion and EUR18.6 billion, most of which is attributable to SMEs.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsBank of SpainCentral Bank NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsSpainBriefStoryRegion
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MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Policy NewsBank of SpainCentral Bank NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsSpainBriefStoryRegion
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