trending Market Intelligence /marketintelligence/en/news-insights/trending/ywYzb1YaPLwnftc8DmfVHg2 content esgSubNav
In This List

Private sector loans in Argentina grow 4.7% MOM in September

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Private sector loans in Argentina grow 4.7% MOM in September

Peso-denominated loans to Argentina's private sector rose 4.7% month over month in September, El Cronista reported, citing a report from Ieral, the research arm of nonprofit civil group Fundación Mediterránea.

The expansion was driven mainly by commercial and guarantee lines, including those tied to mortgage loans, according to Ieral.

The month-over-month increase was an improvement from the 4.1% growth recorded in August and the highest recorded since December 2016, the publication concluded.

Peso-denominated consumer loans, including personal and credit card loans, rose 3% in September, lower than the 4% increase in August.

Meanwhile, dollar lending grew 0.6% in September, a significant slowdown from the 9% growth in May, Ieral said.

Ieral concluded that though there was a strong contraction in dollar lending, mortgages and guarantees "continue to show a good rhythm," the report noted.