Hand in hand with accelerating inflation, the usage of bank cards grows: in April it rose 6.7% – Muricas News

Operations by means of bank cards registered a rise of 6.7% in April in comparison with March, and 85.7% year-on-year (under inflation ranges), which represented a drop in actual phrases, in accordance with a First Capital Group (FCG) examine.

In April, operations for $2,606,987 million had been registered, which suggests a nominal enhance of 6.7% in comparison with the top of final month, about $163,089 million above March and similar to the anticipated inflation values ​​for this era. .

In the meantime, year-on-year progress reached 85.7%, under the degrees of inflation estimated for the 12 months, with a drop within the portfolio in actual phrases that means a “troublesome state of affairs that would have an effect on the way forward for the bank card market.” credit score,” the FCG report mentioned.

“If we restrict ourselves to the evaluation of the variation of the final month, we observe a stability of the portfolio in actual phrases, though the elements that restrict progress haven't modified, reminiscent of the rise in the price of financing, the decrease supply of quotas, the restrictions in household budgets, the lower within the variety of cardholders and the prudence within the face of threat on the a part of monetary establishments; the credit score limits start to be progressively up to date because the 12 months goes by, though not massively”, defined Guillermo Barbero, FCG companion.

In the meantime, the usage of bank cards in dollars registered a year-on-year drop of 9.3%, though with an irregular month-to-month habits. In April there was a lower of 0.9% in comparison with the earlier month, with a steadiness of US$ 225 million.

“The differential alternate charges used to cancel balances in overseas foreign money and the impossibility of financing them or the duty to rework the debt into pesos at a better price than the remainder of the cardboard money owed have slowed down their use by vacationers”, concluded Barbero.