Financial Services

While the market-friendly policies of the administration of President Mauricio Macri have been welcomed by international investors and local businesses alike, the prevailing view of initial public offerings (IPOs) has become increasingly bearish.

Maintaining robust levels of profitability through the use of financial instruments rather than the development of core competencies, Argentina’s insurance industry has remained relatively stable since 2008. Though technical profits remain low, they were compensated by assets held in government bonds or short-term central bank notes known as Lebacs. The introduction of more...

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of consumers, investors have quickly...

In 2001 an economic depression and the Argentine peso being pegged to the US dollar led to the country defaulting on sovereign debt by approximately $93bn, which prevented Argentina from accessing international markets and resulted in the cancellation of IMF loans. The subsequent crisis deeply impacted credit penetration, with credit to the...