The Central Bank Referred to Late Payment and Argued that It Occurred as a Result of the Expansion of Credit
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The monetary authority warned that the reappearance of loans requires extreme risk assessments to avoid over-indebtedness in households.
The Central Bank recognized that the growth of the credit came accompanied by an increase in the lateness of the families, although it proposed that this deterioration should be read as part of a broader process of recovery of private financing after years of low financial intermediation.The explanation was formulated this Tuesday by Juan [...] The entry While the default of the families continues at record levels, the BCRA maintains that it is …
An official of the monetary authority published an article on the official website of the institution. “There will be arrears and errors in lending and borrowing,” he said.
The explanation was made by Juan Curutchet, superintendent of Financial Institutions and Exchanges.
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