In the short term, an increase in the supply of mortgage credit is unlikely. In Argentina, the real estate market operates in dollars, and the current highly fluctuating value of the currency, which cannot be purchased at the official rate, makes it impractical for banks to manage it.
Within the constrained credit market of Argentina, where the primary focus of banks is often lending to the government and interest rates remain high, the most probable credit category to witness growth in the short term is personal loans, predominantly utilised for consumption. Although the market is expected to witness growth in transaction volumes, the requested loan amounts are shrinking.
With the change in government anticipated in December 2023, a potential avenue for driving industrial growth lies in the expansion of car loans. These loans, involving significantly smaller amounts than mortgages, have the potential to rapidly stimulate economic growth, particularly in the automotive industry.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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