After the white senator Sergio Botana criticize the authorities Mortgage Bank of Uruguay (BHU) for not having systematized the information prior to 2008 – key data to solve the situation of the 23,000 families who call themselves “hostages of the readjustable unit” – the president of the entity, Casilda EchevarriaI try to “falsethe accusations.
The head of the BHU echoed Botana’s statements and responded on her Twitter account that she runs a “solid bench, in competition with the private ones and a delinquency level of 2%”. In addition, he said that the complaining debtors “constitute a pressure group without a real economic foundation.”
The legislator had denounced a “serious lack of organization” and one “irresponsibility” by the mortgage company. “It is shameful that something called a bank has gone fifteen years without updating its information,” he added.
In his defense, Echevarría described as “serious and false” accusations of the senator. According to the president, the entity has that information.
“The State assumed the cost of the restructuring. Now it is a solid bank in competition with the private ones and a delinquency level of 2%. The credits in UR that are still valid are because there has been innumerable refinancings and postponements at 0% rate (hangings)”, explained the hierarch.
“The URs in force today are so because the BHU has not executed and refinances. Even if they had the same rate, which is lower in UR, the IRR is still lower than in UI due to the difference in adjustment and currency evolution,” added the official, who recalled that the annualized IRR in UR is 16% while in UI it is from 17%
What is the current situation of the BHU?
In the last Accountability before the General Assembly, on March 2, the president Luis Lacalle Pou advanced that “In the next weeks” there would be a solution to the problem of loans in indexable units (UR) of the BHU. So far, three projects have already been presented in Parliament, but none of them have been approved by the entity.
Echevarría affirmed in the middle of last year that if any of these proposals materialized, the defunding to the bank would be such that it would be unable to grant new loans for at least two years.
The 23,000 affected families are trying to get the government to regularize their situation as they see themselves harmed by the adjustment of the UR –depending on the Average Salary Index (IMS)– which in some cases made them owe more.
A group of representatives of the debtors appeared in Parliament in recent weeks in search of a new formula that allows the inconvenience to be channeled. “If you want to forgive the debt of those who have not been harmed but have only achieved parliamentary support, it will be done by law,” said Echevarría annoyed on her networks.
In a response to a tweet from economist José Licandro, he wrote: “Today’s discussion is not whether the BHU should exist or not, which is valid. The issue is whether public funds are given away to those constitute a pressure group with no real economic foundation”.
Source: Ambito
