Summary
The total number of assistance granted by Non-Financial Credit Providers (NFCPs) reached a record value of 15.2 million in June 2023, after an increase of 3.2% compared to December 2022, according to the Non-Financial Credit Providers Report, published today by the Central Bank of the Argentine Republic.
Likewise, 10.6 million people had PNFC financing in June 2023, 4% more compared to the end of 2022 and 8% year-on-year. In that total, increases were observed both in the payroll of people with exclusive financing from PNFC (190 thousand people) and in those who have debt with financial institutions (225 thousand people). The Fintech group explained this increase, adding around 550 thousand people in the semester, reaching around 5 million customers.
Regarding the segmentation of the financing balance by gender, the participation of women reached a record value and practically equals that of men, whose participation fell to 50.3% at the end of the first half of the year, an all-time low.
Other highlights of the Non-Financial Credit Providers Report:
The positive half-year performance in the number of assistance was mainly driven by personal loan assistance, which amounted to 8.5 million in June 2023 (5.2% half-year increase).
The average annual nominal rate of credit card financing of ETCNBs showed a stable behavior in the first half of the year, as a result of the impact that the Central Bank’s measures had on this type of financing, standing at 101% in June 2023.
At the end of the first half of 2023, 30% of the adult population nationwide had PNFC financing. Regarding the geographical location of the debtors, the highest proportion of people with financing belonged to the province of Buenos Aires (33%), followed by Córdoba (9%) and Santa Fe (7%).
