trending Market Intelligence /marketintelligence/en/news-insights/trending/o64lZIDi7k1cuGJObZM1oQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Argentina's private sector credit plunged 23% in 2019

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Argentina's private sector credit plunged 23% in 2019

Real credit to the private sector in Argentine pesos plummeted by 23% in 2019, figures from Banco Central de la República Argentina show.

In a Jan. 2 report on goals and guidelines for 2020, the regulator attributed poor loan demand over the last year to low levels of economic activity, consumption and investment, as well as "great uncertainty" over real future income and the "very high" interest rates.

In addition, loans in U.S. dollars fell by 32% in the period, while broad delinquency levels for the banking system "doubled," the BCRA said. The regulator also estimated a 3.0% fall in GDP during the year and inflation levels above 50%.

Over the course of the year, Argentine banks shifted a portion of their liquidity away from lending and into high-yielding short-term debt issued by the BCRA.

According to the bank, now under Miguel Pesce's command, the "main goal" of the BCRA will be to "design policies that contribute to social and economic development" in Argentina.

President Alberto Fernández and his economic cabinet have repeatedly stated the need to rebound an ailing GDP as a top priority, in contrast with the previous government's emphasis on setting inflation and monetary targets.