The point is that one of the indicators that continue to deteriorate is late payment on consumer loans from private banks, largely by credit cards, which rose to settle at 7.87% in October, according to the Superintendency of banks. That is, families have more arrears to pay their accounts with banks.
The rise in arrears combined with the fall in deposits alarmed the banking sector, since in some cases it decided to lower quotas and deadlines, for example, of cash advances or credits made by customers with credit cards.
Sebastian Quevedo, vice president of Payment Systems of Produbanco, says to Daily Expreso that quotas have dropped but not massively, only to those cardholders who have arrears. This month “we went down to about 6000, but increased credit to another 18 thousand” of about 150,000 active accounts.