Tuesday, June 6

Metallurgical: SME credit marked its highest level since September 2018


Recently, the entity had reported that 82% of the metallurgical companies that requested financing during this year to make productive investments or finance working capital achieved that objective.

Thus, During December, $55,914 million were traded in the banking market for single-signature loans in the SME segment, 81% higher than the volume traded in December 2020, at constant prices. While the amount operated by SMEs in discount checks reached $93,776 million, growing 69% year-on-year, at constant prices. These two instruments represented 60% of the amounts operated in the SME segment.

The average interest rates of the SME segment for discount checks and single signature loans were 29.4% TNA and 33.9% TNA, respectively, in the banking market in December. For its part, the trading of Electronic Credit Invoices (FCE) in the capital market during the month of December reached $547 million from 144 instruments. Since the beginning of 2021, the accumulated traded volume reached $4,299 million; representing a growth of 90% in relation to the accumulated figure for the year 2020.

“In the month of December, the financing obtained by SMEs in the capital market amounted to $23,092 million, an amount 97% higher than that observed in the same month of the previous year. Throughout 2021, SME financing in the capital market reached $268,062 million, showing a positive variation of 97% compared to the same period of the previous year. ANDhe guaranteed deferred payment check represents, in both periods, the main financing instrument used by SMEs”, concluded ADIMRA.



www.ambito.com