Due to the success of laundering, the market does not rule out the return of credits in dollars

The success of bleachin relation to cash, generates a new problem to the banks. They have a mass of immobile funds that in the long run generate losses and greater costs if they do not begin to see how to mediate them.

Among the main directors of financial entities alternatives are analyzed. Today, due to current regulations, They are limited to lending in foreign currency only to exporters, which are the ones who can bill in dollars.

The regulation has a meaning and comes from the 1990s. It is because, in the years of the Convertibility, banks took pesos on deposit and lent dollars, under the rules that said $1 was equal to $s1. It was generated like this a huge mismatch of coins because companies and individuals had long-term debts in US currency while deposits It was in pesos and no more than 60 days.

The request of banks to lend in dollars

Now the banks want that they be allowed to lend again in dollars under new appropriate regulations that prevent the mismatch effect.

Javier Bolzico, head of the Association of Argentine Banks (ADEBA), that brings together national capital entities, he pointed out Scope that “Dollar loans to companies is a topic that must be discussed in the coming monthsin order to increase the competitiveness of the economy; always taking into account the stability of the system.”

“We believe that the focus should be correct risk management according to international standards and not the ban”explained the manager.

How much could banks lend to companies?

According to official data from the Customs Collection and Control Agency (ARCA), The banks received in the special asset regularization accounts (CERA) some US$20,000 million people who laundered money.

According to data the society of Cohen Argentina stock market, as of December 13, deposits in dollars had risen to $13,125 millions, although not everything is retained.

An almost constant drip output is recorded, which could be considered normal. It must be taken into account thatThe majority of what is laundered is for amounts less than US$100,000, who do not pay the excise tax and, therefore, can leave the accounts at any time.

The banks They still have deposits of US$9,208 million, according to estimates by the brokerage company. On the other hand, it is estimated that the Central Bank (BCRA) received US$3,074 million in reserve requirements.

“Today we have a loan-deposit ratio of around 30%.. “Doing an exercise between the integrated and the liquidity requirements, it should be 60%,” estimated Martín Polo, strategist economist at Cohen Argentina.

The professional maintained that ““There is at least between US$5,000 and US$8,000 million for loans to continue growing, even with dollar deposits remaining at current levels.”.