Argentina faces rising consumer debt and banking competition

In Argentina, new data from Fundación Pensar indicates that 58% of people have sought some form of financing in recent months. This report has prompted warnings from the PRO political party regarding rising delinquency rates and increasing levels of indebtedness.

Simultaneously, a competitive battle is intensifying among banks in Buenos Aires to capture the high-income segment. ICBC is focusing on international platforms and loyalty programs, while Banco Patagonia is emphasizing lifestyle benefits and consumer reimbursements. Banco Supervielle has introduced a remunerated salary account in both pesos and dollars that pays daily interest on available balances, offering a new way for professionals to manage liquidity.