An in-depth analysis by RankingsLatAm, based on the monitoring of all bank financial statements in Argentina since 2019, reveals that the sector experienced significant expansion in assets, loans, and deposits in the twelve months to March 2025. The consolidated balance sheet of the banking system shows total assets reaching USD 208.9 billion, up 39.8% year-on-year. Banco de la Nación Argentina strengthened its leadership with 22.08% of total assets, followed by Banco de Galicia y Buenos Aires (10.65%), Banco Santander Argentina (9.15%), BBVA Argentina (7.11%), and Banco Macro (7.07%). The remaining institutions jointly accounted for 43.94% of the market.
BANKS AND FINANCIAL COMPANIES IN ARGENTINA: INCOME STATEMENTS AND BALANCE SHEETS DATASET
Credit activity posted a sharp acceleration, with total private-sector loans (excluding public sector exposure) soaring 149.4% to USD 82.7 billion. The composition of lending shows notable increases across all segments, particularly personal loans, which grew by 357.8% to USD 12.65 billion. Mortgages expanded 237.8% to USD 2.78 billion, while documented loans rose 185.2% to USD 20.7 billion. Banco de la Nación retained the largest share of the private loan portfolio at 20.18%, followed by Banco de Galicia (11.88%), Santander (10.21%), BBVA (9.59%), and Banco Macro (8.59%).
On the funding side, total deposits increased 48.5% year-on-year to USD 134.2 billion. Demand deposits, savings accounts, and term deposits all showed robust growth, with term deposits climbing 66.3% to USD 43.6 billion. Banco de la Nación maintained its position as the top deposit-holder with 21.92% of the market, followed by Banco de Galicia (10.41%), Santander (10.09%), BBVA (7.66%), and Banco Provincia de Buenos Aires (7.20%).
Equity levels also improved, with total net worth in the system rising 27.9% to USD 51.39 billion. Banco de la Nación concentrated 29.45% of the sector’s equity, far ahead of Banco de Galicia (8.61%) and Banco Macro (8.06%). Despite the improvement in balance sheet metrics, the system posted an aggregate net loss of USD 207 million in the period. However, results varied widely across institutions: Banco Santander Argentina recorded the highest profit at USD 137.3 million, followed by Banco Macro with USD 39.7 million and Citibank N.A. with USD 27 million. Several regional banks, including Banco Provincia del Neuquén and Banco de Santiago del Estero, also reported strong positive results.
These findings underscore a dual reality for Argentina’s banking sector: on one hand, sustained expansion in assets, credit, and funding; on the other, profitability pressures that remain uneven across the industry. The divergence in performance between large market leaders and other institutions reflects differences in portfolio composition, cost structures, and strategic positioning in a complex macroeconomic environment.