In a context of uncertainty marked by inflation and the rise in interest rates, the demand risk profile closes the first half of the year confirming its downward trend and standing, with 78%, very close to its lowest values. of the last four years. This is reflected in the ‘Credit Trends Report’ of July 2023, prepared by the National Association of Credit Financial Establishments (ASNEF) and Equifax with the aim of offering a vision of current trends in the financing industry. Thus, the credit demand risk profile (Hit-Rate), which measures the percentage of debtors found in the ASNEF file over the total credit inquiries, continues with a stable trend that situates it at 78% compared to as of January 2019, one of the lowest values in recent years.
On the other hand, the demand for global credit, observed through the activity in the ASNEF Bureau, has maintained its positive trend, imitating the good behavior that it presented during the year 2022. Specifically, this indicator, which reached its maximum levels in March 2023, it closes the first half of the year at 111% compared to January 2019.
By sector, the automotive industry, which suffered the greatest decline in the pandemic period, is now maintaining its usual values with a large rise in the first half of the year. For their part, banks, savings banks and finance companies maintain a stable trend at high levels, while microfinance institutions have registered a significant decline during the first half of 2023.
Regarding the stock of unpaid balance, it currently maintains a decreasing trend both in individuals and legal entities, thus standing 17% below the levels relative to January 2019. However, part of this decrease is due to the sale of portfolios of operations of various clients, so that the evolution of this indicator may vary in the coming months.
Lastly, collections have registered a significant rebound after the slowdown suffered by the court strike that took place during the first quarter of 2023. Thus, collection activity has increased notably during the second quarter of the year, closing these first six months by 115%, very close to its maximum values of the last four years.
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Global credit demand closes the first quarter of 2023 at its highest levels in recent years
2023-07-28 09:32:03
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