The total balance of loans in pesos to the private sector reached a level of $14.70 billion in October, which represented an interannual increase of $8.30 billion (131.2%) and a monthly increase of $1.87 billion (14.5%). %), due to a recovery in credit in almost all segments, according to a report by First Capital Group (FCG).
In October, commercial loans increased 14% to $5,832,658 million, with a year-on-year increase of 155.8%, clearly exceeding the CPI values expected for this period, the work indicated.
“The most active commercial period begins for an important segment of our market and that pushes merchandise inventories up with the consequent need for financing,” explained Guillermo Barbero, partner at FCG.
Operations through credit cards recorded a balance of $4,622,876 million, which means an increase of 20% compared to the end of last month, and a year-on-year growth of 146%.
“The current rates established by the BCRA for this instrument, although they are of a high level, are below those that the market would set, the same circumstance occurs with the installment programs with interest of “Now 12″, which constitutes a incentive for the use of plastic,” said Barbero.
The collateral credit line has a balance of $857,130 million, growing 99.5% year-on-year and a monthly increase of 9.3%, accumulating more than two years of consecutive monthly nominal increases.
And mortgage credit lines, including those adjustable for inflation/UVA, had an increase of 9.0%, accumulating a balance of $543,790 million and a year-on-year increase of 48.3%.
“In real values, the portfolio is declining a little this month and notably over the last year, but it remains remarkably valid in times of financial crisis like the one we are going through,” said the FCG partner.
Meanwhile, credit cards registered a monthly increase of 8.1% and a year-on-year increase of 20.5%.
“As a result of the rise in the price of the currency in the informal markets, which most consumers access, it was convenient for travelers to use plastic instead of other alternatives; these circumstances are very temporary and promote non-profit benefits. desired for certain sectors of the population,” he noted.
For its part, the personal loan line increased 7.1% monthly, up to $1,808,574 million, with a growth of 82.7% year-on-year.
“If we take into account the inflation-adjusted values, this will be a new month of decline for family financing, confirming the annual decline that it has been showing; it has remained the only line with a decline in real terms for the month,” he stated. .
Regarding loans in dollars, compared to last month, the total amount was US$ 3,753 million, with a positive variation of 1.9% and a year-on-year increase of 4.1%. (Telam)
2023-11-04 22:54:32
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