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January 20, 2025
The effects of the exchange rate depreciation and the "Buen fin" influenced the acceleration of current credit to a nominal annual rate of 13.2% in November. This also influenced the acceleration of bank deposits up to 10.5% nominal. Going forward, the weakness of activity and employment points to a slowdown.
January 12, 2022
During October 2021, traditional private sector deposits increased in real terms, driven by employment and the rate hike cycle. The current credit portfolio granted by commercial banks to the non-financial private sector (NFPS) grew 0.2% in nominal terms.
December 23, 2021
The reduction in COVID-19 cases during October seems to have influenced a heterogeneous boost to credit, while the relevant rise in formal employment and the cycle of monetary tightening were reflected in an incipient change in the trend of term deposits.
October 22, 2021
In August 2021, the nominal balance of the current loan portfolio granted by commercial banks to the non-financial private sector fell 3.1% annually (-8.3% in real terms). By credit aggregates, the annual nominal variations were: consumption, -0.3%; housing, 9.4%, and business, -8.4%.
September 14, 2021
For the third consecutive month, the contraction in the annual growth rate of current portfolio balances to the non-financial private sector has been milder, which reaffirms that total bank credit is on the way to a recovery, although its magnitude differs across portfolios.
August 20, 2021
A milder contraction in the annual growth rate of outstanding balances for the second consecutive month provides encouraging signs that the negative impact of the pandemic on banking credit has moved past its worst point and could be on a recovery path.
July 22, 2021
May could represent a turning point in the dynamics of credit to the NFPS, with a smaller contraction than the one in April and a better performance of the portfolios that comprise it. An improvement in the activity and employment indicators in the medium term would consolidate a better performance in the credit market.
June 11, 2021
In April 2021, the nominal annual contraction of current commercial banking credit to the non-financial private sector was -8.8% (-14.1% real). Despite the improvement in some indicators of economic activity, the different portfolios showed a lag in their recovery.
March 18, 2021
In January 2021, the balance of current credit granted by commercial banks to the non-financial private sector once again registered an annual fall in nominal terms, which was -1.3% (-4.6% in real terms), practically the same as that observed in December (-1.2%).
February 12, 2021
In December 2020, the balance of current credit granted by commercial banks to the non-financial private sector registered for the second consecutive month a nominal annual fall, which was -1.2% (-4.2% in real terms), higher than the reduction registered the previous month (-0.8%).
January 19, 2021
In November 2020, the balance of outstanding credit granted by commercial banks to the non-financial private sector registered a nominal annual fall of -0.8% (-4.0% in real terms), the first contraction observed in this credit aggregate since April 2010 (when the fall in the balance was -0.7%).
