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Montevideo, December 5th 2021 - 13:48 UTC

Tag: Fabian Kon

  • Thursday, March 4th 2021 - 09:24 UTC

    Argentina's banks face a tough year: bad loans, inflation and regulations

    The central bank requires banks to pay minimum rates of 37% on retail deposits, while allowing them to charge just 24% on loans to small and midsize companies

    Rising inflation plus bad loans and government regulations anticipate a tough 2021 according to the CEO of Argentina's biggest private bank by market capitalization. “If inflation is high, there is a risk that bank results will fall to very low or negative levels in real terms,” Fabian Kon said in an interview in Buenos Aires.