Regarding the deposits made by the Private Sector, We will see that deposits in pesos increased 5% in April in nominal terms, closing the month at AR$ 12.05B, which represents an evolution of 56.4% in year-on-year terms.
Thus, time deposits in pesos (traditional and with early cancellation option) nominally increased 5.1% compared to March (220.0 billion), ending the month at $4.57B. In year-on-year terms, the increase was 60%.
“A positive variation is observed in traditional time deposits in pesos of the wholesale sector of $219,976 million, nominal monthly variation of 7.4%, while traditional time deposits of less than one million pesos increased 1.7% ($15 .7 billion) in nominal terms compared to March (+25.1% compared to April ´21)”, explained Cristian Traut, Manager of First Capital Group.
UVA deposits in the private sector increased 13.1% in the month ($18,655 million), ending April at $160,977 million. Meanwhile, deposits with an early payment option decreased by 15.7 billion (3.4% monthly and +24% yoy), savings accounts increased by $126.4 billion (5.4% monthly and +71% yoy). yoy) and checking accounts at 99.4 billion (+4.7% monthly and 62% yoy).
Finally, deposits in USD in the private sector increased US$70 million (0.5%), ending at US$15,330 million. In year-on-year terms, the decrease is 3.9%. Time deposits in dollars decreased 0.8% in April (US$28 million in the month) while savings accounts in USD increased 0.7% (US$78 million).
Source: Ambito
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