Business

Argentine banks record 318% profit in four years

Public and private financial entities earned in November 2019, ARG$26 billion ($4.35 billion), 143.9% more than in the same period of 2018 and 317.9% more than in 2015, according to a report by the Central Bank (BCRA). However, the improvement was uneven: private banks grew 566.7% in four years while public banks decreased their profit by 37.9%.

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