Given the increase in credit, banks need deposits to grow, which is why they began to offer more attractive rates to attract more savers.
In recent days, most of banking entities The bank decided to increase the rates paid on fixed-term deposits, with the aim of obtaining greater funds. The one that leads the podium within the large entities is National Bankwhich increased the rate to 37%, but there are others that reached 40%.
Among the causes of these changes are that the demand for credit needs support. The one who raised it the most was Bica with 40%, then National Bank with 37%, Bank province He took it to 35% and among the private companies the one that increased it the most was Macrotaking it to 36%. Galicia, in reverse, It maintains a level of 30% and Santander 32%.
As for the rate that they paid until very recently, Fixed deadlinestaking as reference that of National Bankwhich is located in 33% TNAIt results in a monthly yield of 2.7%Among the main entities, the one that paid the least was in the range of 30%.
Demand for credit vs. fixed terms
In July the granting of credit has accelerated again. Last month the increase in the credit stock was notable and reached 14%, more than tripling the evolution of inflation. For lines intended for companies, rates fell to levels below 30%.
In the case of personal loans The increase reached almost one billion pesos, which represents an advance of 20%. Pledge loans increased at a similar rate, while credit card financing also grew – albeit to a lesser extent.
However, Private deposits stagnated in July. If the same trend of increasing credit were to continue in the coming months without an increase in deposits, The financial system could face problems in continuing to meet the demand for financing from the private sector.
Source: Ambito
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