“Sometimes people themselves expose themselves to risks of non-payment”: spokesperson Adrián Ravier’s justification for the rise in bank delinquencies

“People expose themselves to risks of non-payment simply by not knowing how to manage their own income and obligations,” said presidential spokesman Adrián Ravier. And he added: “I think that when an economy recovers credit it is normal for delinquencies to appear again.”

According to the Central Bank of the Argentine Republic, the amount of renegotiated loans doubled in six months and is at historical record levels.

For this reason, public banks came out to promote debt refinancing plans for consumer loans.

“We have to adapt, both the bank and the people. First the bank has to see who it grants the credit to, at this moment they are trying to refinance all those people who are going into default with low rates, in a long term to recover what they invested. But on the other hand, people also have to know to what extent they can take credit,” said the national official.

A report from the Central Bank measured that loan refinancing in the private sector is increasing in the financial system, mainly among households. The refinanced balance already represents 3.2% of the total stock of credit to households, an increase of 2.3 percentage points compared to a year ago. In October 2025 it was at 1.6%, which implies that they doubled in six months.

“It is worrying but there are alternatives for banks to refinance, and with the passage of time and the lowering of the interest rate this will become easier,” stated the presidential spokesperson.

3.2% is the highest number in the historical series published by the BCRA in its report that goes up to 2010. Its previous peaks were in 2019 and during the pandemic, when they barely exceeded 1%. The monetary authority recognized that this is an accelerating phenomenon in recent months, which reflects “a greater recent use of this instrument.”

“It is a learning process, which after so long of lack of credit we have to go through,” Ravier concluded.