(Buenos Aires Times)
Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
Argentine banks took a beating last year, and the nation’s biggest lender says the industry is at risk of a repeat performance.
While bad loans and government regulations were the main culprits in 2020, rising inflation will be added to the list this year, according to Fabián Kon, chief executive officer of Banco Galicia, Argentina’s biggest bank by market capitalisation.
