While the line of commercial loans in pesos fell in real terms, for the rest of the lines the growth remained. The mortgages stood out again.
In January, a clear preference of entrepreneurs for dollar financing was observed. While commercial currency credits presented a jump of 17.4% monthly, loans in pesos in the same segment stagnated.
According to data from First Capital Groupthe stock of dollars in dollars reached US $12,743 million, 233.5% more than a year ago. The entity explained that 76% of the total corresponds to the line of commercial loans, which increased by 284% in the year.
As it contrades, Credit to companies in local currency barely rose 0.1% In nominal terms, to reach a stock of $ 20.8 billion (it is the most relevant line). Regarding the same month of the previous year, the rise is 212.6%, specifying an increase of approximately 70% in real terms. “The variation of the month in the operative in pesos is practically nil, it is observed how the demand for this sector clearly leaned over foreign currency operations before the perspective of exchange stability,” said Guillermo Barbero, a partner of the first capital.
The rest of the financing lines in pesos extended real growth
The rest of the credits in pesos did present growth in real terms, with respect to December 2024. The line of personal loans It rose 12.9% nominal, the balance reached $ 11.4 billion for the accumulated total. ¨ The dynamism was maintained in the placations even though we are in a month in which debts are traditionally canceled thanks to the complementary and additional annual salary that are paid with end of year to individuals with fixed income, however this Operatory maintains the values with the highest annual growth, the aforementioned nominal growth and the real growth of 195%, “Barber explained.
The operation through Credit cardsAccording to the latest data informed by the Central Bank, it registers a balance of $ 16.5 billion, which means a rise of 6.9% nominal. “The market knew how to compensate for the disappearance of the offers of the ‘simple share’ plan in some of the consumption items with other quotes in quotas that allowed to maintain credit recovery in real terms,” said Barbero.
As for the lines of Mortgage creditsincluding those adjustable for inflation/grapes, during January they had a rise of 13%, the most important percentage of the banking lines analyzed, accumulating a total balance at the close of $ 2.04 billion. ¨ The inertia of the procedures initiated at the end of last year maintained the vigor of this segment despite the holidays and holidays of the end of the year parties. The absence of offers for many years, makes the accumulated demand continue to traction about these operators, ”the report continued.
The line of PREDIAN CREDITS It presents, according to data published by the BCRA, a balance of the portfolio at the end of January 2025 of $ 3.4 billion. The variation with respect to the balance of the previous month marked a rise of 5.9%. ¨ We start the year with promising nominal and percentage placement values. Tax decline on some 0km and import qualification can further expedite the growth of this sector, ”said First Capital.
Source: Ambito
