According to a statement released after the meeting, Pesce reaffirmed the BCRA’s commitment “standing on the yield curve of Treasury bills and bonds to sustain the value of public securities.” In turn, the importance of the contribution of public banks in the distribution chain in credits from the national government and productive investment was highlighted, and, in this sense, he recalled that “more than 900 billion were placed within the program to finance SMEs” throughout the country.
In this line, Hecker highlighted the participation of the National Bank in the process of financing economic activity, productive investment and job creation, and highlighted the joint actions with provinces and municipalities throughout the country, which allowed access to better goods and services to the population of those districts .
In addition, both officials highlighted the fundamental role of public banking during the Covid-19 pandemic, a period in which “More than two million bank accounts were opened, which included more than 95% of the population.”
The meeting held at the Association’s headquarters was also attended by the BCRA, its Vice President, General Manager and Superintendent of Financial and Exchange Institutions, as well as directors of Banco de Corrientes SA, Nuevo Banco de Chaco SA, Banco Provincia del Neuquén SA , Banco de la Provincia de Córdoba SA, Banco de Inversión y Comercio Exterior SA, Banco Municipal de Rosario, Banco Credicoop Cooperativo Limitada, Banco Provincia de Tierra del Fuego, Banco Rioja SAU, Banco Coinag SA, Banco Bica SA of the Guarantee Fund of Buenos Aires (FOGABA) and GARANTIZAR, Reciprocal Guarantee Society.
Source: Ambito
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