The National Bank asked the Congress to reverse the elimination of tax exemptions to the SMEs guarantee system, warning that the measure puts a key tool for access to productive credit.
He National Bank formally requested the Congress to review and reversed with the recently approved law that eliminates tax exemptions to the Reciprocal Guarantee Societies (SGR) regime, A system that, according to the entity, has been fundamental for access to credit by SMEs.
From the banking entity they explain that the SGR system, in force for more than twenty years, It has been a key tool for financing small and medium enterprises, allowing them to access formal credit in more favorable conditions. “Thanks to the solidity of these guarantees, banks can channel medium and long term lines that would be impossible without this support,” they said.
Between January 2024 and June 2025, the National Bank granted financing to more than 11,000 SMEsfor an amount superior to the $ 400,000 millionthrough instruments guaranteed by SGR. This allowed, highlight, to offer more accessible and sustainable conditions for companies that require capital to invest, develop and sustain employment.
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The Nation Bank insisted not losing a long -term public policy
From the bank they also stressed that the SGR provide Territorial capillarityreaching companies of all sizes, sectors and regions of the country. “This model allows to integrate diverse productive sectors and promote financial inclusion throughout the national territory,” they added.
In addition, they argue that the articulation scheme between banks and SGR generates a virtuous circle: It generates trust, reduces risks and expands the universe of companies with access to the formal financial systemdirectly impacting value chains, local and regional development.
The National Bank He insisted that many companies improve their financial profile and move towards formalization thanks to these guarantees. “The impact of the SGR system goes beyond financial: it is a strategic tool to multiply investment, boost national production and hold the productive framework,” they said.
In that sense, they warned that eliminating the tax benefits that this model support puts a long -term public policy at risk oriented to the development of SMEs. “In the current context, it is imperative to strengthen the tools that allow channeling credit to the productive sector. Strengthening the SGR regime is to strengthen our SMEs and the federal development of the Argentine economy,” the entity concluded.
Source: Ambito
