According to a report from the Central Bank of the Argentine Republic (BCRA), over the past twelve months, private national banks led the increase in foreign currency loans. When adding up loans granted in both national and foreign currency, there was an average increase of 1.3% in the total balance for September. Mortgage credit also rose during the ninth month of the year: it is estimated that more than 4,700 new borrowers were added, representing an 11.6% increase compared to August. In the accumulated total of the last 12 months, the number of new mortgage borrowers exceeded 41,200. The BCRA report also details the increase in bank deposits, which was a real 2.4% in pesos (17.1% year-on-year). Within this, remunerated current accounts grew by a real 6.4% in the month, and time deposits increased by a real 3.7% over the period. In foreign currency, they increased by 5.2% compared to August and by 7.9% compared to September 2024. The report also published the banking system's liquidity, which showed no change against August in local currency, remaining stable at around 39.8% of deposits in this denomination. Among these figures, the rise in the number of loans granted, as well as the increase in delinquency, stand out, mainly among families (exceeding 7%).
Credit on the mend In September, credit in pesos increased by 0.5% compared to August and by 47% compared to September 2024. There was a "heterogeneous" performance among credit lines, considering real balance variations: loans with real collateral increased during the period (3.2%), consumer credit lines showed no significant changes, and commercial loans decreased slightly (-0.7%). Private sector credit continues to recover. The real balance of credit to the private sector continues to recover, after noting a 1.3% increase in September, averaging the segment between national and foreign currency, according to a report from the Central Bank of the Argentine Republic (BCRA). These data come from the monthly report analyzing the financial situation regarding the private sector. In turn, in September, liquidity in the foreign currency segment was equivalent to 60% of the segment's deposits at the systemic level (a 4.4 p.p. monthly increase). Regarding delinquency, among families it reached a new record: it grew from 6.6% to 7.3%, the highest since the monetary authority began keeping records in January 2010. As has happened in previous months, the increase was concentrated in two lines: personal loans (where the percentage rose from 8.2% to 9.1%) and credit cards (with an increase from 6.7% to 7.4%). Meanwhile, for companies, there was also an increase in delinquency, but a much smaller one (from 1.4% to 1.7%). In this case, the increase in loans with collateral stood out.
