Banks project higher demand for credit from households despite record-high delinquency rates

According to the Encuesta de Condiciones Crediticias (ECC), banking institutions anticipate an increase in credit demand from households during the fourth quarter of 2026. This projection comes despite loan default rates remaining at record highs, reaching maximum levels not seen in over twenty years.

The findings highlight a divergence between consumer credit demand and prevailing credit risk indicators within the banking sector. The survey data captures expectations for household borrowing behavior moving into the final quarter of the specified year.