Despite a recent surge in the valuations of Argentine banks, analysts believe the country’s financial sector still has lots of room to grow, due to large and frontloaded credit growth.
In 2017, the Argentine financial system saw loans grow by 54%, a strong acceleration compared with the 28% growth in 2016.
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Frederic de Mariz, |
UBS analyst Frederic de Mariz says that his conversations with banks’ management teams have led him to believe that “the system should continue to grow loans at 15% in real terms for the next three years, or 25% in nominal terms.
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