The credit had a record growth in 2024: it climbed 53%, the largest rise in at least three decades

The credit had a record growth in 2024: it climbed 53%, the largest rise in at least three decades

There was no increase in that magnitude throughout the historical series, even exceeding the best year of convertibility, Adeba said.

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He bank credit in pesos to the private sector He had a 2024 record: He jumped from 53% real to $ 22 billion -to constant prices -, which represents the largest increase in at least 32 years, According to data from the Association of Argentine Banks (ADEBA).

“Loans increased more than 50% year -on -year in real terms in 2024. There is no increase in that magnitude throughout the historical series, even surpassing the best year of convertibility,” Adeba indicated in its January report.

In the last month of last year, credits to the private sector registered a real growth of 5.7% In December, compared to November, accumulating eight months in a row of strong increases. Commercial loans represent 39%, card financing 28%, personal 19% and loans with real guarantee 9% in December 2024. Personal credits were the ones that registered the highest growth ratios so far this year.

For its part, the dollars in dollars showed an increase of 14.1% in Decemberaccumulating a 187% increase in the year. The foreign currency credit stock was located in US $ 10,023 million, maximum since January 2020.

From Adeba they stressed that bank loans marking the most significant increase of the last 30 years.

Source: Ambito

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