The increase of lto delinquency of credit cards recorded in April that continued in May and Junenot only doubts consumption in the coming months, but It could also affect the actions of the financial sector.
This is warned in its last report the consultant Labor, Capital and Grouth (LCG) in which he warns that the problem that was recorded according to official data Until the fourth month, it tends to worsen.
“Family financing default, Within the framework of calculating expected credit losses (according to international standards) it will punish the outcome of the banks, ”says the LCG report.
2025 is a negative year for the financial segment papers. So far from 2025, the action of the Supervielle group sinks 25%; that of Banco Macro, 24.3%; The Financial Group Galicia, 15% and BBVA, 11.5% in the S&P Merval. While market casualties obey macroeconomic issues, the fact that families can increase can impact even more.
Both banks and companies that provide fi servicesNancieros begin to analyze with concern the data on delays in payments
According to the consultant LCG “public delinquency data (until April 2025) shows that it rose to 4.6% in personal loans already 2.9% on cards.”
“They are not alarming levels, but various banks comment that delinquency continued to increase in May and June, affecting families of several economic segments, ”says LCG.
The report details that “In cards a pattern was seen: first, more and more cancellations of amounts just above the minimum, and then not even reaching the minimum (Mora). ”
The report argues that among the possible factors of the default are in the first place that the loans to families, fundamental to sustain consumption, They began to have a great weight when comparing them with a salary that does not take off and secondly, the interest rate.
“In relation to salary, personal loans showed an accelerated rise with respect to the minimum floor of April 2024while financing via credit card is already at maximum. In this context, it looks reasonable that families are having difficulty paying their debts, ”adds the report.
The survey indicates that “possibly these issues anticipate a greater slowdown in the growth of loans to families and begin Generate doubts about the ability to continue sustaining the increase in consumption in the coming months. ”
Financial Services Companies also report Mora
According to the study conducted by the Argentine Chamber of Financial Services Companies (CAEFPI) “An increase in the Money during the first half of the year compared to last year. ”
“A businessman from the entity said Early delinquency has worsened, being usual 7% or 8% And now it is between 13% and 15%, ”he said.
The entity also considers that “Over time, that tends to recover, but payment deadlines extend. ”
According to data from one of the companies Chamber affiliates, delinquency greater than 30 days is 13.50% at 60 days, it is 10.40%, and is reduced to 8.30% to 90 days. Regarding the comparison with the previous year, the sources consulted indicate that the increase in delinquency in the short term has grown in a range of 5% to 10%.
In that sense, the Risk Qualifier Moody’s He joined the list of organisms that begin to warn about a significant increase in the levels of indebtedness of Argentines. “In the last quarters there was a strong deterioration in the performance of credit portfolios originated by non -financial credit suppliers (PNFC),” they warned.
In his latest report, the Risk Qualification Agency said “The medium-salary debt relationship has increased strongly from the second half of 2024”with a rise from 72% between June of last year and January 2025. “Levels similar to those of 2018”he compared.
“From Moody’s local Argentina, we foresee that Money will continue to increase during the year 2025until the levels of positive rates are reduced and the wages show a sustained recovery trend, “warned the risk rating agency.
Source: Ambito
