This improvement occurred between November 2022 and last June, in the midst of an agricultural emergency, highlighted Salvador Ferrer.
The president of Banco República Oriental del Uruguay (BROU), Salvador Ferrer, highlighted that credit to the sector agricultural expanded by 12% in recent months, despite the impact and million-dollar losses caused by the drought.
Ferrer highlighted the measures taken by the BROU, such as deferring the expiration of payments for six months, in the midst of an agricultural emergency. During the inauguration of the stand at the Expo Prado, He highlighted that credit increased a total of 30% since last year.
The president of Banco República recalled that between 2014 and 2021, credit in the sector did not move, remaining at 2.4 billion dollars. “Today we are at 3.2 billion dollars, it is a 30% expansion that occurred in 2022 and 2023,” he assessed.
The economist analyzed that last year “a lot had to do with optimism” due to prices, but clarified: “Difficult times have arrived and so far in the agricultural emergency, credit has continued to expand, an additional 12%.” In this regard, he considered that it is “a demonstration of the financial support” that the bank provided for agriculture.
“We have done everything possible so that production does not stop, at least not due to lack of financing,” he insisted. Ferrer, who said that he BROU will collaborate “as a strategic partner.”
The BSE paid compensation for 95 million dollars
Due to the effects of the drought, he State Insurance Bank (BSE) paid compensation for 95 million dollars and, as its president indicated in the last few hours, José Amorín Batlle, For the next harvest it will once again ensure at least the same surface area as during the previous season.
“Insurance companies are there for that, to be there when there is an accident,” he said. Amorin Batlle by highlighting that the entity paid “with pride” and did so “as soon as possible” so that the agro could “get up quickly from this strong blow.”
Source: Ambito
