Overview
- Household loans in arrears rose to 11.2% in February, the highest since the central bank began the series in 2010, the Congress index reported.
- Bank filings show rising nonperforming loans: Supervielle at 5.6%, Galicia at 7.7%, and Naranja X at 16.9%, with a late‑March improvement noted at Supervielle.
- Mercado Libre said early‑stage delinquencies in its credit book were 8% and fell quarter to quarter, and Mercado Pago reported 2% of local loans classified as uncollectible.
- Central bank president Santiago Bausili said credit stress may have peaked in the first quarter, as banks boost early‑warning tools and offer easier refinancing to contain losses.
- The IVFC placed households in a “family fragility” range and linked the strain to weaker real wages, fewer formal jobs, and business closures, while new bills would cap debt payments at 30% of income and tighten borrower checks as markets watch BBVA Argentina and Banco Macro results later this month.