Bank Galicia promotes loans in foreign currency, focusing on work vehicles. The ad coincides with the official call to mobilize the “dollars of the mattress”.
In a context of greater macroeconomic stability and low of inflation, Banco Galicia launched a new proposal for dollars in dollars for the acquisition of utility and pick-upswith the aim of promoting the renewal and expansion of fleets in productive companies throughout the country.
The proposal contemplates rates from 10% TNA and deadlines of up to 60 monthsand is managed exclusively through official dealers. Leading brands participate such as Ford (Dietrich Group), Iveco (Truck Punto), Mercedes-Benz (Colcar Merbus) and Volkswagen (Dietrich Group).
“In 2025 the banks in Argentina have the challenge of lending money again. The level of indebtedness of companies that consume prison credits remains low, although this last year has increased, and in Galicia we want to lead that financing,” affirmed Marcelo IraolaGalicia wholesale banking manager.
The announcement of the private bank It occurs in tune with the message that the Minister of Economy, Luis Caputo, recently gave before businessmen at the Libertad Foundation in Tucumánwhere he defended the fiscal and monetary stabilization policy, and called the Argentines to leave behind the logic of the “mattress.”
“Start billing in dollars,” Caputo said, while encouraging to mobilize informal savings: “Having dollars in the mattress is a very bad business. The banks are already paying reasonable rates,” he said. And he added: “This is what the president calls the endogenous dollarization. We are not emitting pesos and there are more and more dollars. Then, the relative value of the weights is getting lower. ”
The official vision points to Reconetize the economy in dollarsand the financing launched by Galicia Align with that logicoffering a specific tool for transform dollars saved in productive investment.
Market data reflects a reaction: In April 2025, the prison credits grew 161% year -on -yearpromoted by the demand for investment in capital goods, particularly working vehicles. Galicia seeks to capitalize on this dynamism and consolidate as a key actor in corporate financing.
“With a more orderly macroeconomy and a significant decrease in inflation levels, access to credit begins to be a great opportunity to finance capital goods. We want to give companies the possibility of borrowing in their currency of exchange and choosing the most convenient financing for their activity”Iraola closed.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
