He indebtedness continues to grow between Argentine familiesto the point that the delinquency in the Personal credits He climbed 4.6% in April, the highest level in 20 months, while in credit cards he climbed 3.2%, reaching a record in more than three and a half years.
The data are detached from the last report on financial entities of the Central Bank (BCRA) For the fourth month of the year, which notes that the credit for consumption persists as a structural phenomenon in homes and that the default of the private sector credit grew “from limited levels.”
The irregularity ratio of Credit to the private sector It was 2.2% for the aggregate set of entities in that month, 0.2 percentage points (pp) more than in March. The rise was mainly explained by the credit for families, where The relative delinquency increased to 3.7% (0.4 pp more than in March).
In this regard, the director of Epyca Consultores, Martín Kaloshe pointed to Scope that the increase is explained by the greatest frequency in which households began using the credit card to “kick” expenses from the deterioration of the purchasing power of wages. “There is not only a deep fall in real wages, not yet recovered, but a major labor precariousness”he said.
“When one looks that the private salary recorded effectively recovered levels of a year and a half ago, You have to understand that there are fewer private registered workers And many of those people are charging worse salaries, or became not registered or doing things on their own, “the economist continued.
In that sense, Kalos said that “this deterioration of income does not have for now a perspective of improvement” due to the top imposed by the Government to the rhythm of updating of the peers in the future, below the inflation expectations, marking a disinterest in improving this aspect.
In dialogue with this medium, the director of Analytica Consultor, Claudio Capraulohe explained that the credit slowed its growth in recent months, while “The burden of debt on families’ income is close to the record levels of 2018”unlike a year ago when it was in minimal.
According to the expert, the key is that the income of the families “stops the fall they had in March and April, both in terms of salaries and retirement”, and that the cost of financing lowers, since “the rates were high, product of disinflation”, beyond the factors that located them there.
Besides, The credit irregularity indicator to companies totaled 0.9%, a level close to minimum of 20 years. Likewise, the monetary authority report indicates that the current level of the financial system coefficient is Below the regional average, where it is 2.8%, and the local average in the last two decades, which is 3.1%.
In turn, Private sector credits backed by preferred guarantees represented 16% of the total, with a delinquency level of 1.6%, without significant variations compared to the previous month or in the interannual comparison. In contrast, Loans without this type of support presented a higher irregularity ratio, of 2.3%.
The ratio between the charges for accrued uncollectability and the credit balance of the private sector was 4.7%, without changes at the monthly level and with a decrease of 0.3 percentage points in the interannual comparison. Meanwhile, the forecast level reached 142% of irregular financing to April, above the average of the last 20 years, which was 129%.
Mora grows in non -bank financial services
On the other hand, from the Argentine Chamber of Non -Banking Financial Services (Caesfi) companies, they warned Scope that delinquency among its customers increased by 5% in the last six months compared to the second semester of 2024.
As they detailed, this increase reflects the growing difficulties that households face to fulfill their financial commitments, in alternative credit channels to the traditional banking system.
Source: Ambito
