Overview
- EcoGo and Universidad Austral's July analysis found 26.6% of Argentine borrowers had at least one irregular balance, with 12 of 24 jurisdictions showing debtor default rates of 30% or higher.
- Non‑bank lenders have deteriorated fastest: EcoGo reports irregularity in non‑bank consumer credit rose from 6.5% in November 2024 to 29.5% in July, and about 13.8% of those portfolios are now classed as irrecoverable after a year in arrears.
- The Province of Buenos Aires holds 35.5% of national household debt and the BCRA counts 1,840,522 bonaerenses in default, giving the province a higher‑than‑average mora rate of 20.2%.
- Young borrowers face the worst strain: BCRA data show people up to 25 in La Plata have a 33.8% mora rate and a Centre for City Studies report finds women under 25 have a 38.25% delinquency rate.
- Banks and other lenders have accelerated loan restructurings and operational mora excluding loans deemed irrecoverable has edged down to about 14.9%, but the large stock of overdue and likely unrecoverable balances means household balance sheets and lender losses could persist.