“In recent years, the BNA did not prioritize its objective of channeling the deposits and transforming them into loans in favor of SMEs and Argentine families“, considered the new president of the organization in statements broadcast by the institution’s press on social networks. “The economic reorganization of Argentina will generate a substantial change in the banking business“he added.
In this context, he listed a series of deficiencies that he analyzed in his first weeks in office: “The Financing in favor of companies and families was reduced only 21.20% of total assets; “restricted lending and amassed a high level of liquidity. The LELIQS, public securities and cash represent 88.03% of deposits”; “deficiencies are evident in the practices of credit. The Bank registers very negative default indicators. Loans in an irregular situation are 7.40% of the total and in loans to companies the irregularity is worse: it reaches 11.70% of the total.
Finally, Daniel Tillard interpreted that “Transformation into a Public Limited Company is central to growthachieve efficiency and improve transparency in the management of the BNA. A beginning will be replace the current one-person trusteeship in favor of a three-member collegiate trusteeship as in all societies.”
Who Daniel Tillard, new president of Banco Nación
Graduate in Economics National University of Cordoba (UNC), Daniel TillardEdit For eight years he had held the position of head of the Bank of Córdoba. Previously, and during the management of Daniel Scioli (2007-2015), he was manager of the Provincial Bank of Buenos Airescoinciding with the current Minister of the Interior, Guillermo Francos, former president of the entity (2007-2011). During this period TillardEdit He was also director of Network Link and deputy director of Sedesa Deposit Insurance.
He had previous experiences in public management: he was liquidator of National Health Works until 1997 and an official of Domingo Cavallo, who in 2001 appointed him as undersecretary of Patrimonial Normalization of the Ministry of Economy national. He had a role as auditor of the Banking Social Services Institute.
In April 2023, Ignatius Tillard -son of Daniel- was targeted by the management of Sergio Massa as Minister of Economy: a document distributed to clients of the firm in which he was associated, Max Capitalalerted by a alleged exchange run which ended up boosting the exchange rate. The firm later apologized and claimed it was an employee error.
The 41 state companies that can be privatized
In the list of state companies that could pass into private hands are found Aerolíneas Argentinas, AySA, YPF, Banco Nación and Ferrocarriles Argentinos, the state company with the largest number of personnel with more than 30 thousand employees. Also included are emblematic companies such as Correo Argentino, Military Fabrications, the Ports, the Télam news agency and State Radio and Television.
Some of the companies that are part of the list, such as Airlines and AySAalready constitute public limited companies, which will facilitate their privatization process.
The annex where the companies subject to privatization are located begins with the General Administration of Ports and continue with Aerolíneas Argentinas, the Argentine Satellite Solutions, Water and Sanitation Company, Banco Nación de la Argentina, Investment and Foreign Trade Bank, Casa de la Moneda, Public Contents, Road Corridors and the Official Mail of the Argentine Republic.
They are also part of the list of Housing Construction for the Argentine Navy, Dioxitex, Educ.ar, Argentine Air Navigation Company, Argentine Energy, Argentine Aircraft Factory “Brig. San Martín” SA Fabricaciones Militares SE Argentine Railways and Agricultural Technological Innovations.
There are others like Intercargo, Nación Bursátil, Pellegrini, Nación Reaseguros, Nación Retirement Insurance, Nación Servicios, Nucleoeléctrica Argentina, Playas Ferroviarias de Buenos Aires, Polo Tecnológico Constituciónntes SA Radio of the National University of the Litoral and Radio and Television Argentina.
They were finally included Radio and Television Service of the University of CórdobaNorth Dock Naval Workshops, Development of Railway Human Capital, Belgrano Cargo and LogisticsRailway Infrastructure Administration, Railway Operator, New Generation Space Vehicle, Fiscal Carboniferous Deposits, Dionisio Water Mining Deposits (YMAD) and YPF.
Source: Ambito
