Banco Nación prepares loans for durable goods in Argentina
The economic team is evaluating new financing lines through Banco Nación and Anses to stimulate consumption and construction. Banco Nación is preparing loans for household appliances and national production, while Anses seeks to expand the use of Sustainability Guarantee Fund resources to finance real estate projects.
By aluminio.ar · Based on reporting by Memo.com.ar
What you need to know
- Banco Nación has already granted some 40,000 mortgage loans and exhausted the resources from the first fixed-term deposit auction.
- Banco Nación and BBVA are the only two institutions maintaining significant activity in mortgage lending.
- The Central Bank's Monetary Policy Report indicated that growing industrial sectors account for 29% of activity and declining ones for 47%.
Read the full story on Memo.com.ar
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