Bank Report, August 2023

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Summary:

In August, the financial system in Argentina maintained high levels of liquidity and solvency, with indicators surpassing the 10-year average. Electronic payment methods continued to show a strong performance, with an increase in immediate fund transfers and check compensation. The credit balance to the private sector decreased 3.2% in August, with a general reduction across groups and credit lines. The BCRA extended the Line of Financing for Productive Investment (LFIP) for small and medium-sized enterprises (MiPyMEs) until the end of the first quarter of 2024. The credit irregularity ratio remained stable at 3.2%, while the provisions ratio for the financial system remained high at 3.9%. The system maintained elevated levels of liquidity, with liquid assets totaling 82.1% of deposits. The capital integration ratio and the position of capital requirements also remained high, with the system holding a surplus of 271% above the regulatory requirement.