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So far this year the total stock of deposits in pesos of the financial system grew by almost $ 2.1 trillion (of which more than half are fixed terms). It went from a level of $ 6.3 trillion to more than $ 8.4 trillion. However, the total stock of private loans in pesos grew below $ 570,000 million (where the discount of documents and personal lines account for almost half). It started the year at about $ 2.8 trillion and now totals just over $ 3.3 trillion. In other words, for each new peso deposited in the system, only $ 0.27 had a new credit as its final destination.
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