After the opening of the stocks, the savers left the FCI and turned to the fixed deadlines

In April the financial system registered relevant movements in the composition of deposits in pesos. While Common investment funds (FCI) They continued with their disarmament process, the fixed deadlines and accounts in sight They rebounded, driven by a greater search for performance after changes in the monetary and exchange regime.

According to the report of LCGthe FCI accentuated their fall with the rescues registered between April 14 and 15, in coincidence with the implementation of the new administered flotation regime. In total, these instruments registered a decline of the 37.6% monthly in real termswhich subtracted 3.7 percentage points to the total variation of private deposits in pesos.

This fund output coincided with a strong rise of fixed -term depositsthat grew 1.7% real monthlyand with a most significant jump in the accounts in sightthat advanced 6.8% real monthly. Term placements received flows for more than $ 2.7 billionespecially concentrated in the second half of the month, simultaneously with the decline of FCI and the rise of interest rates.

LCG points out that change of monetary regime and the new rate structure They motivated these movements. In that sense, the convergence of the post -change rate of regime generated a reconfiguration of savers’ preferences, which prioritized safer or better paid instruments.

Although the macro context still demands caution, the report remarks that, with a floating exchange rate between positive bands and ratesit is expected that term placements continue to grow in the short termespecially while persisting the expectation of exchange stability and inflation control.

Fixed deadlines: what is the bank that pays the most

• Bank of the Province of Córdoba – 37,0%

• Regional Credit Financial Company – 35,0%

• Banco will – 35,0%

• Banco Meridian – 35,0%

• Julio Bank – 33,0%

• BICA BANK – 33,0%

• Chubut bank – 33,0%

• Dino Bank – 32,0%

• BANCO CREDICOOP – 32,0%

• Banco CMF – 32,0%

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• Bibank – 32,0%

• Bank of the Province of Buenos Aires – 32,0%

• Banco Galicia – 31,0%

• Banco del Sol – 31,0%

• Mortgage bank – 31,0%

• Bank of Corrientes – 31,0%

• National Bank – 31,5%

• BBVA – 31,5%

• Banco Macro – 30,5%

• Tierra del Fuego Bank – 30,5%

• Comafi Bank – 30,0%

• ICBC – 29,5%

• City Bank – 29,0%

• Santander – 28,0%

• MAS SALES BANK – 27,5%