Overview

• Systemwide credit irregularity reached 3.2% in July, up 0.3 percentage points from June, according to the BCRA.
• Household delinquency hit a series high around 5.6–5.7%, with personal loans near 7.2–7.3% and credit-card arrears around 4.8–5.3%.
• Corporate loan delinquency held near 1.2%, while mortgages remained the only major line without a rise in arrears, staying low at roughly 0.9–1.4%.
• Rejected checks rose to 1.41% by count and 1.11% by value, indicating growing stress in payment chains used heavily by SMEs.
• Despite rising arrears, peso credit to the private sector grew about 1.3% in July as private peso deposits fell roughly 2.5% in real terms and bank profitability eased.