Private sector financing grew by 5.6% in June

During the month of June, financing in pesos to the private sector increased by 1.4% in real terms and accumulated year-on-year increase of 5.6%. “This performance was partly explained by the new credit assistance focused on MSMEs. The BCRA reports that up to the third week of August, nearly 241,000 loans were granted through the particular line for MSMEs, with a nominal annual rate of 24% (below the market rate), totalling 390 billion pesos ($5.29 bn) in disbursements.

Source: Ámbito