Los loans in pesos to the private sector registered an increase of close to 4.2 trillion pesos in October, which is equivalent to a real increase of 6.3 percent. The data was published in the latest monetary report from the Central Bank.
The positive trend It has been for seven consecutive months, accumulating an increase of 66.8 percent since the minimum reached in January 2024. This expansion of loans extended to practically all lines of credit, with the exception of advances, which showed a slight retraction. The government is betting on the return of credit to try to get the real economy to react.
Within the consumer loan segment, the growth of personal and mortgage loans stood out, which experienced a double-digit monthly increase. The personal credits They grew 12.7 percent in real terms compared to September, reaching a year-on-year increase of 54.5 percent.
For their part, the secured loanssuch as mortgage and pledge loans, also showed solid performance. Mortgages, in particular, grew 16.9 percent in real terms in October, although they are still 26.4 percent below the level recorded a year ago. In turn, collateral loans, which allow financing the purchase of vehicles, rose by 7.2 percent in real terms and already exceed the level of October 2023 by 6 percent. This type of financing has been essential to revitalize the market automotive, offering alternatives to access vehicles through financing in pesos.
In the field of business loansan increase of 3.8 percent in real terms was observed in monthly terms, being mainly driven by credits implemented through documents, which grew 6.1 percent in the month. This expansion was seen in both large companies and small and medium-sized enterprises (SMEs), although most of the growth was driven by large companies, whose access to credit increased by 6 percent in real terms. In contrast, SMEs experienced more moderate growth of 1.5 percent real and are still 17.4 percent below the October 2023 level.
Despite progress in various lines of credit, current account advances They were the only financing line that experienced a slight drop, registering a decrease of 0.8 percent in real terms compared to the previous month. However, this type of financing still maintains an increase of 13.5 percent compared to a year ago, reflecting a certain stability in the demand for funds for short-term operations.
He consumer credit It also continued to rise during October, with a monthly improvement of 8.3 percent in real terms, which translates into a year-on-year increase of 19.7 percent. In particular, the Financing through credit cards showed a monthly growth of 5.8 percentreaching a level 5.6 percent higher than that of a year ago. This advance shows a recovery in the use of credit for daily consumption, driven in part by an improvement in consumer confidence and a reduction in the inflation rate.
