Bank Report, June 2023

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Summary:

In June 2023, the financial intermediary sector in Argentina showed growth, with stable levels of liquidity and solvency. Electronic payment methods continued to gain prominence, reflecting the impact of measures implemented by the BCRA. The credit balance in pesos to the private sector increased by 1.3% in real terms, driven mainly by commercial and real-guaranteed lines. The LFIP (Financing Line for Productive Investment in MiPyMEs) balance reached $1.7 billion, accounting for 13.4% of total private sector loans and 23.3% of company financing.

Key statistics:

Credit irregularity ratio remained unchanged at 3%.
Mortgage indicator for households and companies showed moderate growth.
Deposits in pesos increased by 0.9% in real terms.
The BCRA raised the policy interest rate by 21 points, effective August 14.
Liquidity ratio for the financial system reached 80.2% for peso-denominated deposits and 88.6% for foreign-currency deposits.
Capital regulatory integration (RPC) stood at 29.5% of weighted risk assets (APR).
* The system's return on assets (ROA) and return on equity (ROE) showed moderate growth.

Overall, the report highlights the stability and resilience of the Argentine financial system, with moderate growth and low credit irregularity.