Friday , January 27 2023

Deposits in pesos continue to grow



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The total balance of deposits in pesos in the local financial system increased by 2.1% in November, both due to public sector taxes, which grew by 3.6% in real terms, as well as those in the private sector, which they recorded an increase of 1%, the Central Bank said in its November report on banks.

The monetary entity indicated that "in November the financial system shows high levels of liquidity and solvency and reduced delinquency."

"Liquidity levels have kept the upward trend observed in the previous months, especially the high liquidity ratio increased by 2.5 percentage points of total deposits in November, totaling 54%," the agency report said. Telam.

He also stressed that "solvency indicators of the financial system remained at high levels" and explained that "the regulatory integration of the capital of the aggregate financial system totaled 15.6% (+0.4 pp in the month) Not only that prudential requirements are met, but the addition of additional capital to the regulatory requirement accounted for 82.4% of the existing prudential requirement. "

Regarding the data on delinquency, the works showed that "in mortgage loans, which are readjusted for inflation (UVA), they reached only 0.17% of total credits in November."

With regard to mortgage loans, delinquencies "continued to be at low levels" of around 0.2% overall and 0.17% for those adjusting inflation, referred to as "UVA credits" in the value of the supply).

The BCRA found that "from low levels, both in historical terms and in an international comparison, the default rate (generally) to the private sector slightly increased in November, accounting for 2.8% of the total portfolio."

The ratio of company credit disparities was 2.2%, up 0.4 percentage points from October, while household loans reached 3.9%, 0.1 percentage points above the previous record.

topics

  • liquidity
  • Central Bank
  • deposits
  • fixed term
  • UVA Credits
  • credits

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