A report from First Capital Group detailed strong improvement across the board across all financing lines over the past year.
He Credit to the private sector presented a real jump of 52% during 2024. The improvement was mainly driven by the personal loan segment.
According to a survey of First Capital Groupthe real increase is the result of a nominal increase of 233.7%, which exceeded the 120% inflation estimated for last year and brought the total balance of credits in pesos to $54.5 billion. “The loan/GDP ratio of our country is at one of the lowest values in our recent history, (below 8%) and among the most depressed in the region, which allows us to project that We will have 2025 with more growth in bank financing to the private sector¨, explained Guillermo Barbero, partner of the entity.
Credit to the private sector, line by line
The line of personal loans presented the greatest real jump (134%) and accumulated some $10.08 billion. In this way, it was the second largest amount of money, behind operations with credit cardwhich totaled about $15.5 billion.
The real increase in cards was 31%. “Christmas sales gave a new boost to this segment, but we will see in the coming months how the market replaces the offer that the operation presented. “Simple Fee” and if it is capable of maintaining growth, Barbero noted.
Regarding the lines of mortgage loansthe total accumulated balance amounted to $1.8 trillion, which implied an annual growth of more than 80 percentage points above inflation. “Unlike the rest of the operations, this segment does not stop growing nominally month after month, demonstrating the great interest it has aroused among the demanding public,” said First Capital.
In parallel, between collateral credits In December, placement values that had not been seen since August 2024 were highlighted, offering hope of greater recovery to the automotive market for the year ahead. Meanwhile, among the business loansthe recovery of placement in nominal terms, plus the sharp drop in price indices, allowed the year to close with a significant increase in the portfolio in real terms.
Finally, loans in dollars rose 215.2% year-on-year in December, until reaching a stock of US$10,813 million. 77% of the total debt in foreign currency continues to be the commercial loan line.
Source: Ambito
