MarketsNotableReported
6.1
Santander CEO: Argentina Stability Must Reach Real Economy, Refinances 78% of Defaulted Portfolio
ClarínLO·AR·about 22 hours ago
Argentina's bank branch count fell by 672 (14.5%) since 2019, with 229 closures in the last year, driven by a shift to online banking (90% of transactions) and new customer acquisition via digital channels (80%). Large mergers also contributed. This reflects structural change in the financial sector, reducing physical footprint but not necessarily indicating systemic stress.
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