Grupo Financiero Galicia SA’s banking division, Argentina’s largest private bank, expects loans this year to surge in its portfolio, an incipient sign of economic recovery as President Javier Milei stamps out triple-digit inflation. Their executives see total loans to consumers and businesses making up 40% of its total assets by the end of this year, up from roughly 30% in 2023.
October 22, 2024
SOURCE: BNN BLOOMBERG
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Argentina’s Top Private Bank Expects Lending Business to Surge