Argentina’s large banks are nearing a pivotal point in their business models due to the country’s rapidly falling inflation. The rate of increase in Argentina in July fell to 4% (month on month), and banks report that they are beginning to see the resurgence of credit demand in the country, particularly from the corporate sector, which offers the potential for banks to normalise their business models.
Today, most of bank revenues come from interest from government or central bank securities.
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