UVA fixed-term deposits reach $795.89 mn in 2020

UVA fixed-term deposits rose from Ar$56.65bn ($641.17m) in 2019 to Ar$70.32bn ($795.89m) in 2020, a growth of 24%, according to data from Argentina’s central bank. These deposits tripled the growth of traditional deposits, which grew only 8% in 2020. However, UVA deposits represent only 3% of total deposits in Argentina.

Source: El Cronista