Argentine banks turn back toward government bonds
アルゼンチンの銀行、民間融資より国債に再び傾斜時事・経済
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- 🇦🇷 Argentina
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Argentina’s government wants banks to lend more to households and businesses. However, lenders are again relying heavily on government securities. According to central-bank data cited in a Bloomberg report, those securities provided about 56% of commercial banks’ operating income in July. Net interest income from private-sector lending accounted for 17%.
Credit had expanded after President Javier Milei took office, but that momentum has weakened. A slowing economy, rising loan losses and high interest rates are affecting both lenders and borrowers. Analysts say banks have tightened their standards while demand for credit has also fallen. Liquid securities can look more attractive than loans that remain on a balance sheet for years.
The government also depends on local banks to refinance its peso debt. Rules allowing some government bonds to count toward reserve requirements have encouraged that relationship. The result is a difficult balance: public borrowing can find buyers, while private businesses and consumers may still struggle to obtain affordable credit.