The credit to the private sector grew again in May, with a strong impulse of the mortgage and pledge loans. The financial system incorporated almost 4,000 new credit holders for housing.
Financial intermediation continued expanding during May, driven by the sustained growth of the Credit to the private sector and an increase in deposits in pesos. According to the last Central Bank Banks Reporttotal financing in national and foreign currency to the private sector grew 4.4% in real terms compared to April, with advances in all segments and types of loans.
Credit: Fuerte
He Credit in pesos to the private sector grew 3.5% real In May, highlighting the lines with real guarantee, which increased a 5.3% In real terms. They followed the loans to consumption (+2.9%) and commercial lines (+2%). In interannual terms, the actual balance of the credit in national currency expanded 88.3%consolidating a strong recovery compared to 2023 levels.
The credit in foreign currency He also showed solid performance, with a rise in 7.9% monthly —It was in origin, “traction mainly for Private banks (9.4%). In the last 12 months, this type of financing doubled, with a cumulative increase in 137%highlighting the participation of commercial documents.
DOLLAR PESOS
Depositphotos
By destination, credit to families grew 4.1% real in Maywith impulse of the Loans pledge (+6.5%) and Mortgage (+5.5%)while financing to companies rose 4.4% realhighlighting the sectors of services and tradewith advances of 6% and 5.5% respectively.
In May they entered 3,900 new mortgage debtors To the financial system, according to estimates of the BCRA. Since the mortgage credit resumed impulse in August 2024they already joined 26,400 human peoplea rhythm that greatly exceeds the averages of recent years (around 390 high monthly between 2019 and 2023), although it is still below the peak registered in 2017-2018.
Source: Ambito
