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8h ago

Argentina Household Loan Delinquencies Hit 7.3% Record in September, Central Bank Says

Elevated inflation with high real rates is eroding households' ability to repay.

Las moras con un retraso menor a 90 días, que históricamente rondaban el 2%, treparon al 5%.
Las familias tienen dificultades para sostener el pago de sus créditos
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Overview

  • BCRA data show the overall private‑sector irregularity ratio rose to 4.2% in September, up 0.4 percentage points from August.
  • Household past‑due loans climbed for the 11th straight month to 7.3%, the highest since the central bank’s series began in 2010.
  • Consumer credit led the strain, with personal‑loan delinquency at 9.1% and credit‑card arrears at 7.4%, while mortgage delinquency held near 0.9%.
  • Corporate loans remained far healthier at 1.7% delinquency, though the deterioration was broadly observed across financial institutions.
  • Despite worsening quality, private‑sector credit stock grew 1.3% in September, and the central bank has signaled plans to restore automatic debits to help collect overdue payments.