trending Market Intelligence /marketintelligence/en/news-insights/trending/lef-esxbkemf0thiwk4dkq2 content esgSubNav
In This List

Banco de la Nación Argentina grows loan portfolio, gains market share in 2017

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Banco de la Nación Argentina grows loan portfolio, gains market share in 2017

Banco de la Nación Argentina's loan portfolio grew 90% in 2017, helping the company boost its market share of private sector credit by 30%, Clarín reported, citing figures from the state-run lender.

The bank's credit portfolio held about 213.27 billion Argentine pesos at the end of 2017, up from 112.62 billion pesos a year earlier, as the bank focused on increasing lending to companies and mortgage credit disbursements.

Discounting the effect of inflation, the bank's loan portfolio expanded 65% last year, compared to average growth of 21% for Argentina's banking system as a whole, the publication reported.

The expansion reflects a change in Banco de la Nación's strategy, as it sold central bank-issued notes known as Lebacs and diverted those resources toward lending. This was part of the Argentine government's plan to foster the mortgage lending market following the creation of inflation-indexed units called UVAs.

The bank will also reportedly transfer 20 billion pesos to Argentina's government in 2018 to help reduce the country's deficit.

As of Feb. 14, US$1 was equivalent to 20.01 Argentine pesos.