The indebtedness in pesos of companies and families through the financial system grew by 50.1% in the last year and exceeded the inflation of the previous 12 months, driven by an increase of 94.5% in commercial loans and 64.7% in credit card operations, according to a report by First Capital Group based on data from the Central Bank.
The cement dispatches of the month of September registered the more significant advance in the last 30 months, when growing 10.1% concerning the same month of the previous year and 13% concerning the last month, according to data of the Association of Portland Cement Manufacturers (AFCP).
The automotive industry had a 16.1% year-over-year growth in September. In the first nine months of the year, there was a decrease of 31.3% compared to the same period in 2019. Exports improved by 31.6% compared to August, although it represented a 17% drop compared to the same month in 2019. Exports in the January-September period show a 43.9% year-on-year drop.
Free Market exceeds $53.65 billion on Wall Street, during the coronavirus pandemic, expanded its business in both the e-commerce and digital finance segments. According to its balance sheet, in the second quarter of the year, it had a profit of $89.3 million. It will now also enter the insurance business in 2021. They are not going to be insurers; they are going to work hand in hand with other firms in the sector.
The financing, through green bonds, started in Argentina in 2017. And so far this year, there have been issues for about $ 100 million. Green bonds are negotiable securities used to finance projects, in whole or in part, with social and environmental benefits or a combination of both. Since they began, the amounts issued in the country exceed $610 million.