Economic Growth in Argentina
The Argentine economy recorded a 5% year-over-year increase during September 2025, with a year-to-date economic expansion of 5.2%.
Primary Surplus Achievement
The primary surplus reached 0.5% of GDP in the third quarter, with an overall surplus of 0.1% of GDP, driven by revenues increasing by 32.8% year-over-year.
Improvement in Inflation Rates
Headline inflation was 2.1% in September and 2.3% in October, marking the lowest level since July 2018, with a 31.3% increase over the last 12 months.
Increase in Private Sector Deposits
Private sector deposits in pesos increased by 5.6% during the quarter and 53% over the last 12 months, while dollar-denominated deposits rose by 7.2% during the quarter and 38.9% over the last 12 months.
Projected Improvement in ROE
The company expects an improvement in ROE, aiming for 11% to 12% in 2026 and a target of above 15% in the longer term.