Of the 29 banks in the country, eight recorded losses at the end of April compared to 3 in the same month of 2022according to the figures consolidated by the Financial Supervision.
According to the figures, the banking entities recorded profits of $3.67 trillion, with a drop of 42.2% compared to April 2022when they earned $6.36 billion.
(Argentina and Uruguay would reduce costs in trade with local currencies).
For their part, the Credit institutions, including banks, finance corporations, finance companies, and finance cooperatives they earned $4.32 billion, with a 42.4% drop compared to the same month in 2022.
The entity said thatthe results remain in positive territory, although they experience downward pressures due to the higher expense in provisions of the consumer portfolio”.
(The usury rate for July fell to 44.04%).
financial corporations earned $730.3 billion, finance companies lost $97 billion, and financial cooperatives they earned $17.3 billion.
Except for the Sedpes (Societies Specialized in Electronic Deposits and Payments)increases in profits were observed in all industries at the end of April, said the Superfinanciera.
(Fed does not take bank resilience for granted.)
The profits of the Special Official Institutions reached $2.1 trillion, followed by the insurance industry with $2 trillion, the Pension Fund Management Companies with $495.500 million, the trust companies with $354.200 million, the infrastructure providers with $131,300 million and securities intermediaries with $89,100 million. The Sedpes registered negative results for $8.200 million.
The investors of the 109 private equity funds (FCP) Managed by trust companies and securities intermediaries, they received yields of $1.1 trillion.
(Debtor in default? New credit to re-enter the financial system).
In front of long-term savings managed in mandatory pension fundsthe 18,886,187 affiliates received returns of $22.6 billion in their individual accounts in the last 12 months.
In April, deposits and demands reached $631 trillion, with a negative real annual variation of 1.5% (nominal of 11.2%). A $6.5 trillion month-on-month decrease in savings account balances was reported and an increase of $582,200 million in current accounts, with negative annual real variations of 19.3% and 21.5%, respectively.
(FED and ECB plan to continue raising interest rates).
The balance of the savings accounts closed at $269.8 trillion, the CDT with $268 trillion and the current accounts with $75.3 trillion.
Term deposits remained dynamic, and the balance with a maturity of more than one year reached $155 trillion, of which $90.9 trillion corresponded to deposits with a term greater than 18 months. 67.5% of CDT are legal persons and official entities and 32.5% natural persons.
(The situation of the grain market in the face of great price volatility).
The gross balance of the portfolio amounted to $678.5 trillion.
In April, the portfolio reported its first negative annual real growth after 20 months of positive data. The negative real annual variation was 0.49% in the gross balance and reflects the greatest negative real annual contribution of the consumption and housing modalities with 2.73% and 0.98% respectively, that could not be neutralized by the positive variation of commercial and microcredit.
The default portfolio quality indicator for the total, that is, the relationship between the overdue balance and the gross balance, has remained around 4.6%.
BRIEFCASE
