In the pledge loan market in Argentina, the data for Q4 2023 highlights significant shifts in market share among the top companies. Leading the growth is Santander, which saw an impressive increase of 8.97 percentage points, bringing its market share up from 24.6% in September 2023 to 33.6% in December 2023. This substantial growth underscores Santander's robust performance and strategic gains in this sector.
Following Santander, John Deere demonstrated notable progress with a rise of 3.58 percentage points, elevating its market share from 7.7% to 11.3% over the same period. This advancement reflects John Deere's effective strategies in enhancing its presence in the market.
HSBC secured the third spot in growth, with an increase of 0.92 percentage points, moving its market share from 4.8% to 5.7%. This steady growth indicates a positive trend for HSBC, maintaining its competitive position in the industry.
Macro and ICBC also made it to the top five, with slight increases in their market shares. Macro's share grew by 0.38 percentage points, rising from 2.3% to 2.7%, while ICBC saw an increase of 0.36 percentage points, boosting its market share from 10.7% to 11.1%. These incremental gains demonstrate consistent performance and stability for both banks within the competitive landscape of secured loan insurance in Argentina.
Following Santander, John Deere demonstrated notable progress with a rise of 3.58 percentage points, elevating its market share from 7.7% to 11.3% over the same period. This advancement reflects John Deere's effective strategies in enhancing its presence in the market.
HSBC secured the third spot in growth, with an increase of 0.92 percentage points, moving its market share from 4.8% to 5.7%. This steady growth indicates a positive trend for HSBC, maintaining its competitive position in the industry.
Macro and ICBC also made it to the top five, with slight increases in their market shares. Macro's share grew by 0.38 percentage points, rising from 2.3% to 2.7%, while ICBC saw an increase of 0.36 percentage points, boosting its market share from 10.7% to 11.1%. These incremental gains demonstrate consistent performance and stability for both banks within the competitive landscape of secured loan insurance in Argentina.
