Argentina family debt reaches 20‑year high as morosity tops 12 %

The ratio of delinquent loans (morosidad) for Argentine households hit 12.1% in April 2026, the highest level in more than two decades. The Central Bank’s report shows the arrears affect 5.3 million people, about 27 % of all borrowers, and the total family debt totals roughly 74.2 trillion pesos (6.5 % of GDP).

Several banks have launched relief programmes to help indebted families. Banco Nación offers fixed‑rate loans up to 100 million pesos, refinancing options for credit‑card balances, and a 10 % + UVA rate for borrowers with 31‑90‑day arrears. Banco Provincia, Banco Ciudad and the City of Buenos Aires have introduced similar consolidation schemes, limiting payments to 25‑30 % of household income. The Buenos Aires legislature also approved a new law creating social credit lines with a maximum 35 % nominal annual rate and a 24‑month minimum term.

While the banking system remains well‑capitalised, analysts warn that the surge in household defaults could curb future credit expansion and further strain consumer spending.