The irregularity ratio for the use of cards worsened for the eighth consecutive month. Money in personal loans was also relevant.
The delinquency of families for the use of credit cards scored in June its second highest data since the Central Bank (BCRA) began to measure this variable, in 2010. The increase in non -personal loans was also important.
According to the Banks report, published by the BCRA this Friday, the irregularity ratio on credit cards climbed from 4.2% to 4.9%a figure that was only exceeded in July 2021. It was eighth consecutive increasewhich reflects the difficulties that Argentines have been showing to cover with their income financial expenses, a trend that has been accelerating since February.
In the division of personal loans The highest delinquency rate of families was verified, which advanced from 5.6% to the 6.5% between May and June. In this case the figure was maximum since October 2021.
This happens in the middle of the strong increase and volatility that interest rates had from Julywith the change of monetary policy. In the case of personal loans, the rate remained towards mid -August at high levels (around the annual 75% nominal), while an extraordinary jump in the advances to companies, whose rate tripled since mid -July.
In the rest of the lines no important changes were observed. In the Mortgage credits Irregularity remained at 1%, while Prendaries There was a slight ascent, from 3.8% to 3.9%.
In companies delinquency is lower
For its part, in the segment of companies The variations were also less abrupt. By adding companies and families, credit in credit cards was in June 4.4% (versus 3.8% in May), while personal loans went from 5.6% to 6.4%.
Among all the lines, the delinquency ratio of the total credit to the private sector was 2.9% in June, reaching 5.2% for families financing and 1.1% for those to companies. “At the close of the first semester of the year the financial system continued to present high levels of forecast (equivalent to 119% of the credit balance in an irregular situation)“They stood out from the monetary authority.
The central report also showed that, in June, The granting of credits rose above inflation, growing 4.2% realmainly for commercial lines and by loans with real guarantee. As for the deposits, a strong increase in the balance of the accounts in sight (influenced by the payment of the bonus medium) and a little significant variation in the fixed deadlines were verified
Source: Ambito
