The National Bank Stated that the Default Was Not yet Normalized and Detailed the Causes
4 Articles
4 Articles
The public entity argued that “there are still not enough elements to conclude that the normalization process is consolidated”; he said that one of the reasons is the fall in family income
If you feel that reaching the end of the month and paying the dues became more difficult, official numbers confirm it: the Banco Nación warned that the levels of debts and irregularities remain high and do not finish normalizing. Below, we show you the precise data on the unpaid balances, the refinancings and the sectors [...]
Banco Nación Warned that Credit Default Will Slow Down but Will Remain at High Levels - Real Economy
The deterioration in the banking and non-banking credit market began to slow down its pace of progress in Argentina, although late payment will remain at high levels until debt refinancing plans mature. This was noted in the Economic Report prepared by the Banco Nación, which clarifies that "the levels of irregularity remain high and there are still not enough elements to conclude that the normalization process is consolidated".
Young people and debtors with multiple entities lead the levels of arrears.
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