Loans in Pesos to the Private Sector Cut Back Negative Streak in April, Driven by Upturn in Credit Cards

Ámbito

Factuality

Ownership

The financing for consumption improved in the fourth month of the year, although personal loans showed no significant changes, amid the high late payments. A new record was seen in the credits in dollars.

economiareal.ar

Factuality

Ownership

The total credit to the private sector in pesos recorded a fall of 0.1% without seasonality during April, after discounting the effect of inflation. This result marks a continuity with the stagnation observed during the first quarter of the year, period in which the real variation was 0.1%. The government expects a fall in the interest rate in the short term that revitalizes the credits and traccione an improvement in the economic activity. In t…

opisantacruz.com.ar

Factuality

Ownership

The financial system records a contraction of total credit to the private sector in local currency. Official data from April show a fall of 0.1% real without seasonality. The impact of inflation neutralizes the liquefaction of interest rates and slows down the demand for commercial funds. This decline breaks the accounting stagnation of the first quarter of the year. Between January and March, the loans operated with a marginal positive real var…

jujuyaldia.com.ar

Factuality

Ownership

Inflation neutralizes nominal increases and consumption fails to take off, in a scenario where almost all loan categories lose ground month after month. Jujuy al día ® – Credit in pesos to the private sector is failing to recover. In April, the total outstanding balance of loans in pesos rose 1.8% year-on-year [...] The entry Stagnant Credit: Loans in Pesos to the Private Sector Fell for the Fourth Consecutive Month appeared first on Jujuy al dí…