Javier Milei’s administration anticipates that energy, mining, and agriculture will continue to serve as the primary drivers of the economy. Additionally, it is placing its hopes on a renewed expansion of credit to produce the long-anticipated spillover effect and stimulate economic recovery. While not explicitly articulated, the economic team aspires to emulate the consumer lending … Read more
In May, delinquency rates among Argentine households increased for the 19th consecutive month, approaching 13% of total household credit. At non-financial institutions such as fintech companies and digital wallets, that figure surpasses 32% — a record high in both instances. The data originates from a report utilising official statistics provided by consulting firm 1816, which … Read more
A significant increase in household delinquencies is unsettling Argentina’s banking and fintech sectors, posing yet another obstacle to President Javier Milei’s bold economic reform agenda. The proportion of households unable to meet their debt obligations surged to a 15-year peak of 11.5 percent of total loans in March, up from 2.6 percent at the close … Read more
In a recently viral video, a young woman outlines her financial strategy: “I take out a AR$20,000 loan from Mercado Pago. And to pay that loan, I take out a loan from Ualá. Then I take out another loan from Mercado Pago and use that to pay Ualá. Mercado Pago and Ualá pay each other; … Read more
The financial condition of Argentine households has entered a pivotal phase, with debt to digital wallets attaining unprecedented levels. A recent study utilizing data from the Argentine Central Bank through November 2025, reveals that the typical family dedicates 33% of its income to the repayment of virtual wallet balances and non-bank loans. The figures have … Read more
In October, the delinquency rate for Argentine household loans with banks climbed to 7.8%, marking the highest level recorded since the Central Bank initiated its data collection in 2010. The figure indicates a 5.5% increase year-on-year relative to 2024, a period during which irregularities in loan repayments to families were just above 2%. A report … Read more