Due to the "blender effect", people prefer liquidity and avoid fixed terms. The pesos leave the banks because people prefer to have more flexibility to invest.
Financing sank for the third consecutive month in January. In annual terms, term loans drop by 55.9% in real terms. All credit lines fell in January; personal loans and credit card financing fell 12.7% and 10.9%, respectively, in real monthly terms, according to a report by consulting firm LCG.