The BCRA report also shows that the irregularity of these types of loans granted by fintech and non-bank entities decreased by 4 percentage points during the second half of 2021, and reached 13% in the last month of the year. “The granting of new financing explains the reduction of this indicator,” reported the Central Bank.
Details of the BCRA report
The number of debtors assisted by the PNFC reached approximately 8.8 million people at the end of 2021. However, the average total debt for assistance decreased in the second half (-3% in real terms).
In December 2021, the proportion of OPNFC that informed the TNA for personal loans was in the order of 67% of the register, being the Fintech who exhibited the highest proportion of informants (84%).
The average TNA stood at 114% at the end of 2021a level similar to that of June of the same year. Fintechs continue to show the highest rates (126% in December 2021), while Cooperatives and mutuals the lowest (84%).
72% of the firms reported the compensatory interest rate in December 2021. The simple average TNA was 63%.
Almost all of the 8.8 million people who took loans are human beings (99%). Women were the ones who showed the greatest positive performance in the second semester in terms of quantities (+24%).
Considering the age, the largest number of debtors was between 30-64 years old (68% participation in the last month of 2021)while people aged 0-29 had the most important increase (+109% compared to June 2021).
Debtors reached around 4.6 million people at the end of 2021.
Individuals accounted for the largest proportion of the loan balance (91%) during the analyzed semester. In this context, women had their maximum participation since January 2018, representing 48% of the PNFC financing portfolio in December 2021.
The highest debt balance is observed in the intermediate age range (30 to 64 years), registering $357,000 million in December 2021. However, it was the youngest age group that registered the largest year-on-year increase in real terms, 76% in December 2021.
The number of debtors who in turn have debt with financial institutions exceeded 4.2 million people in December 2021, 12% more compared to June 2021. The same trend was observed in the number of assists granted, which increased 10% compared to June of the same year (8.3 million assists). Regarding the debt balance, it increased 9% in real values compared to June 2021.
During the analyzed period, the debt of these entities with the financial system continued to riseregistering in real terms an increase of 15% compared to June 2021 ($64.5 billion in December 2021).
The non-performance of the debt portfolio with financial entities was reduced, registering 4% in December 2021. Sales of household appliances companies continue to be the subgroup that registers the greatest irregularity, but with a downward trend (reduction of 8 pp in the second half of 2021).
Source: Ambito
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