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[BUSINESS] · Argentina · 42 sources

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Argentina credit delinquency rises in households and businesses

Argentina is experiencing a significant rise in credit delinquency across both household and commercial sectors. According to reports from Eco Go and Universidad Austral, family credit delinquency reached 18% of the total amount in July 2026, marking the 21st consecutive month of increases. When measured by the number of people, 26.6% of all credit holders are in arrears.

Non-financial credit providers, such as fintechs and non-bank card issuers, show much higher vulnerability with a delinquency rate of 31.3%, compared to 15.8% in the traditional banking system. The total family debt stock has reached $99.4 trillion.

In the business sector, commercial credit delinquency rose from 0.7% to 3.7% between November 2024 and July 2026. Small and medium-sized enterprises (SMEs) are particularly affected, with the number of companies in default increasing significantly. Sectors such as construction and commerce report the highest levels of debt, while the manufacturing industry shows a 3.7% delinquency rate, peaking at 14.6% in the textile sector.

Additionally, the mortgage market has seen a 47% year-on-year decline in new operations during the first half of 2026. In response, the government has introduced a mechanism to channel up to $2 trillion from the Sustainability Guarantee Fund (FGS) into mortgage lines to stimulate demand.

Entities

Anses · Argentina · Banco Central de la República Argentina · CAME · Central Bank of Argentina · Confederación Argentina de la Mediana Empresa · Eco Go · Equilibra · INDEC · International Monetary Fund · Javier Milei · Luis Caputo

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