2023-08-05 22:21:12
Credit card operations ended July with a balance of $3,252,206 million, which means a nominal increase of 6.1% compared to the end of last month, and lower than the expected inflation values for this period.
According to a First Capital Group report, year-on-year growth reached 97%, below the levels of inflation estimated for the year, consequently showing a drop in real terms.
“This portfolio is the one that presents the highest monthly increase in percentage terms and in absolute values, surely thanks to the financing programs in installments re-launched by the national economic authorities during the last days of June,” explained Guillermo Barbero, partner at First Capital Group.
According to Barbero, “due to these incentives, financing through plastics takes on greater relative importance in the behavior of families.”
Regarding operations with credit cards in dollars, they registered a year-on-year drop of 24.3%, although with an irregular monthly behavior alternating ups and downs.
“In July there was a decrease of 8% compared to the previous month; the balance amounted to US$ 243 million; Individuals remain prudent when spending abroad with their cards, due to the differential exchange rates that make their operations more expensive, ”he concluded. (Telam)
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