This growth occurred within the framework of the various credit stimulus measures implemented by the BCRA throughout the year, through the Financing Line for the productive investment of MiPyMEs (LFIP). Financial entities generated disbursements for more than $1.5 trillion until the end of November, destined for more than 209,300 companies.
Another highlight of the report is that payment operations through electronic channels had a positive performance throughout 2021. The amount of immediate transfers accumulated growth of 37.7% yoy in real terms (105.5% yoy in quantity) as of December.
Between the ends of the year, the monthly value cleared by means of electronic checks (ECHEQs) increased 111% in real terms (134% in quantity), increasing its relevance in the total of cleared checks to total 47.3% and 22.9% of the value and the total amount in December, respectively.
The interoperable transactions initiated through QR in the framework of the Transfers 3.0 scheme, at the same time, are allowing a sustained growth in the use of digital payments by users.
Thus, from the end of last November to mid-January (latest information available), interoperable transactions with QR codes accumulated 2.01 million, for a total of $3,509 million.
On the other hand, In November, the private sector delinquency indicator totaled 4.6% for the aggregate of entities, 0.3 pp less than last month. This decrease occurred in a context of a fall in the balance of financing in an irregular situation (-1.5% nominal and -4% real) and an increase in total credit (+5.1% nominal and +2.6% real) . The reduction in the non-performance ratio was reflected both in loans channeled to families and to companies. The total provisions were equivalent to 5.1% of total credit to the private sector and 112.1% of the loan portfolio in an irregular situation.
In November the balance of private sector deposits in pesos decreased 0.3% real (+2.2% nominal). The monthly performance was mainly explained by time deposits, which fell 1.4% real (+1.1% nominal). Demand accounts increased 0.5% real in the period (+3% nominal).
In year-on-year terms, the real balance of private sector deposits in pesos increased 4.3% (+57.6% nominal), with increases in both time and sight deposits.
Liquidity in the broad sense of the financial system totaled 68.5% of total deposits in November, 0.8 pp less than the figure for the previous month (+4.3 ppia). Regarding the liquidity ratios defined by the Basel Committee (“LCR” and “NSFR”), the set of obliged entities (Group A) continued to comfortably exceed the minimum levels required locally and recommended internationally.
The solvency indicators for the aggregate of financial entities continued to be relatively high in November, compared to the average of the last 10 years.
Regulatory capital compliance (RPC) in terms of risk-weighted assets (RWA) totaled 25.7% at a systemic level in the month (-0.5 pp monthly and +2.5 ppy). The excess capital position (RPC less regulatory requirement) represented 216% of the minimum requirement in the period (-5.7 pp monthly and +38.5 ppy) at a systemic level.
In 11 months of 2021, the group of entities accumulated total comprehensive results in constant currency equivalent to 1.1% of assets (ROA) and 7% of equity (ROE). These levels are lower than those evidenced in the same period of 2020.
Source From: Ambito
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