From 2013 to 2023, Argentina experienced significant fluctuations in its nonperforming loans to total gross loans ratio. The ratio peaked dramatically in 2019 at 5.7% before gradually declining, reaching 3.16% in 2023. This marks an improvement from the higher values of 2019 and 2020, influenced by economic instability.
Looking at the year-on-year variations, 2022 saw a decrease of 1.2 percentage points from 2021, and 2023 experienced a slight 0.07 percentage point increase from 2022. The five-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 is forecasted at -0.25%, implying a modest yearly decrease. Over the next five years, the ratio is expected to stabilize slightly above 3%, with a forecasted average growth rate of -1.23% by 2028.
Future Trends to Watch For:
- Economic Recovery: Continued signs of economic recovery could further reduce nonperforming loans.
- Policy Changes: Government policies aimed at tightening banking regulations may influence these figures.
- Global Economic Conditions: Global economic trends could impact local economic stability and loan performance in Argentina.
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