In this way, the BICE lowered its rates to 2.5% for both segments, according to the entity’s statement.
In this regard, its owner, Mariano de Miguelhighlighted that the credits are essential to strengthen foreign exchange income” and assured that “they are part of the plan carried out by the Government to enter the world with more and better added value.”
Along these lines, he also stated that “we are financing the projects that change the productive matrix of Argentina, that is why we are going to accompany the companies that produce and take their products to the world.”
In addition, they pointed out from the Bank that “So far in 2022, BICE’s foreign trade loans grew by 20% over what was disbursed during the same period of the previous year. They were granted to companies throughout the country.”
export credit
The financing for pre and post shipment exports has a fixed rate of 2.5% in dollars and up to 9 months term and is aimed at companies of all sizes and intended for agricultural, industrial and services manufacturing of Argentine origin, according to BICE.
Likewise, up to 100% of the FOB value of the operation is financed.
The Bank also has a long-term export line (or forfaiting) focused mainly on capital and technological goods, a tool with up to 5 years for the repayment of the operation.
Source: Ambito
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