Interbanking, the digital financial services platform that connects companies with the main banks in the country, presents its second half-yearly report that analyzes the behavior of the corporate sector in the financial system.
On this occasion, the Interbanking Index indicates that during the second half of 2022, 23,774 new legal CUITs were incorporated into the banking system nationwide, which represents 4.8% more than in the same period of 2021.
In total, more than 44,000 companies opened bank accounts, which means 15% more than in 2018. In this sense, the net growth in the second half of 2022 was 12,859 companies banked in that period.
“The digitization of finances is a phenomenon in full growth as well as the banking of companies. In this last index we can see how the average number of accounts per company is increasing: in 2022 the average was 7.8, climbing 1.5 points in just four years,” says Pablo Carretino, executive director of Interbanking.
Regarding the amount for transfers, 77% corresponds to the segment of large companies while SMEs account for 12% of the total amount. During the period, it exceeded 100 trillion pesos, 3.7% year-on-year compared to 2021.
“We know that we have to move towards a world with greater financial inclusion and for that there is no better way than to generate more transparency and knowledge regarding how the economy evolves and how the economies of companies are made up”, explains Carretino.
“For example, although 17% of the transactions operated through Interbanking in the last semester of 2022 correspond to salary payments, the amount of the same category represents only 3.8% of the total. At the same time, the volume of transfers destined to payments made to the AFIP is 6%, but they add up to more than 21% of the total amount”, he continues.
The index shows a sustained increase in the number of companies in Argentina in the period from 2018 to 2022. The total number of companies increased from 443,932 to 510,859, while bank accounts went from 2.7 million in 2018 to almost 4 million in December 2022, registering an increase of 46%.
The figures for the second half of 2022 show a 10% growth in the number of financial transactions in the corporate segment and 91.2% in the total nominal volume operated. This confirms a marked trend towards the digitization of financial transactions in the Argentine market.
The situation in Cordoba
Of the more than 510,000 companies registered in the country, 43,790 are located in the province of Córdoba, which represents 8.6% of the total. In 2022, 2,652 legal CUITs were registered and companies created more than 200,000 accounts in total.
These data indicate an average of 4.6 accounts per company, and at the same time they always represent 7% of the total electronic funds transfers (tef) of the Interbanking network.
Regarding the main economic activities of the province, it leads the manufacturing industry with 18.6% of the total amount of transfers.
Public administration follows, and finally financial and insurance intermediation. Commerce, both retail and wholesale, is in fourth place in terms of amounts per AFIP activity, however, in terms of the number of transfers, the commerce sector is in first place, representing 21% of the total number of transfers. provincial transactions.
At the other extreme, the sectors with the lowest amounts were agriculture, livestock and fishing with 2.1%, construction with 1.3%, education with 1.1% and communications with 1.1%.
Of the total transfers made during the year 2022, 6% correspond to accounts located in the province of Córdoba, and in terms of amounts of tef, it corresponds to 7%.