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Spanish banks' bad loans tick up in October

The doubtful loan ratio in Spain's banking system stood at 9.27% in October, up slightly from 9.21% in September, according to data from the Banco de España.

Doubtful loans ticked up to €117.77 billion from €117.72 billion, while total loans outstanding slipped to €1.270 trillion from €1.278 trillion.

The ratio in October 2015 stood at 10.53%.