Signs of Economic Recovery
Incipient signs of recovery in economic activity observed, with industrial activity increasing 12% between June and September 2024.
Digital Channel Growth
New customer acquisition through digital channels reached 83% by the end of September 2024, up from 80% a year ago. Retail digital sales represent 73.7% of total sales.
Increase in Private Sector Loans
Private sector loans increased 26.5% quarter-over-quarter in real terms, with notable growth in discounted instruments (48%) and consumer loans (51%).
Strong Deposit Growth
Total deposits reached ARS8.5 trillion, increasing 30.9% quarter-over-quarter. Notable increases in time deposits (34.8%) and checking accounts (13.9%).
Improved Asset Quality
Asset quality ratio maintains good performance at 1.18%, with nonperforming loans growing in line with the total portfolio.
Capital Ratio and Solvency
Capital ratio reached 22.2%, with capital excess over regulatory requirement at 172.4%, indicating strong solvency.