Financial entities trimmed interest rates after the Central Bank reduced rates in Byma’s simultaneous.
The banks lower the interest rates of the fixed deadlines and some entities already pay less than 40% per yearafter the signal of Central Bank (BCRA)when on Wednesday he reduced his takeover position in 10 percentage points in the simultaneous byma up to 25%.
The decision of the monetary entity occurred after the overwhelming US treasure support to the libertarian economic program and the drop in the dollarthat this Thursday closed almost stable at $ 1,337 in the wholesale segment and returned to previous levels of the legislative elections in the Province of Buenos Aires.
This Wednesday, the Wholesale Rate of Argentina (Tamar) For fixed term deposits of private banks for $ 1 billion or more, with maturities between 30 and 35 days, It was 48.81% annual nominal rate (TNA). In turn, the Badlar On deposits of private banks for $ 1 million or more for that same period, he did it at 46.44% TNA. At the beginning of September, these same rates were at a level of 67% TNA and 58.19% TNA, respectively.
Pedro Siaba SerrateHead of Research & Strategy in PPI, he said to Scope that the loss of rates by the BCRA “Helps give some air to the activityand, in turn, Improve the perspective of the next tender Treasury for Friday. As they did before the previous tender, they reduce the rate to one day and seek that the market will look for more return by increasing duration (longer deadlines) in the placement of the treasure. “
What rate pays each bank, this Thursday, September 25
- VOII BANK: 46.5% TNA
- MERIDIAN BANK: 46.5%
- Regional Credit Financial Company: 46.5%
- Bank of the Province of Córdoba: 46%
- Sun Bank: 45%
- Tierra del Fuego Bank: 45%
- Chubut Bank: 43%
- ICBC Bank: 43%
- Mortgage Bank: 43%
- CMF Bank: 42%
- BICA BANK: 41%
- Bank of Corrientes: 40%
- Mariva Bank: 40%
- Comafi Bank: 40%
- Reba: 40%
- Bibank: 40%
- Julio Bank: 39%
- Macro Bank: 38.5%
- Dino Bank: 38%
- Nation Bank: 36%
- Creicoop Bank: 36%
- Banco Galicia: 35.25%
- BBVA Bank: 35%
- Santander Bank: 35%
- Province Bank: 34%
- City Bank: 31%
- Formosa Bank: 30%
- MAS SALES BANK: 30%
Source: Ambito
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