In August of this year, the Banco Nación It granted loans equivalent to US$1.7 billion to companies and families across the country, and in the first 9 months of the year, more than US$9 billion have already been granted.
This figure, considered a record, meant that Banco Nación grows its market share, reaching 15% compared to the rest of the banks that make up the financial system.
These results, measured in pesos, imply a 635% increase compared to August 2023. The destination of these funds was for “stimulate economic activity in SMEs, large companies and families, and deepen the levels of consumption of goods and services in the “individual” segment, official sources say.
This performance, so active in granting loans, is interpreted as an important step towards advancing the process for Banco Nación to become a public limited company.
In this regard, the president of the Banco Nación, Daniel Tillardstated that “In order for the BNA to be able to sustain the growth of loans, it is essential to transform our entity into a public limited company, as established by the Basic Law. The greater transparency and efficiency that the bank will gain will result in the multiplication of the offer of loans.”
He also said that “it would be very favorable if the rest of the banks joined the credit initiatives promoted by the BNA. The promise of zero inflation must be accompanied by the growth of credits in favor of Argentine SMEs and families.”
Of the total amount granted in August, the bank allocated more than US$140 million to finance actions related to foreign trade, thereby facilitating import and export operations of inputs for the industry, as well as access to the consumption of other goods and services for the enjoyment of Argentines.
The disaggregated data – in national currency – reflect that in August $1.46 billion were allocated to finance investments and working capital for MSMEs and large companies throughout the country.
In addition, Banco Nación provided families with more than $260 billion through personal loans for the consumption of goods and services, and for multiple other purposes.
Source: Ambito
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