The president of Banco de la Nación Argentina (BNA), Silvina Batakis, the general manager of the entity, Maria Barros and the head of La Bancaria, Sergio Palazzo, announced this Friday the launch of a financing program for 10,000 million pesos for personal loans and MSMEs throughout the country, with preferential rates of 40% and special conditions.
During the event, Batakis highlighted “the commitment of the board of directors, management and all the staff to accompany the launch of the special line to commemorate 40 years of democracy, with preferential conditions, at an interest rate of 40% and which aims to honor memory”.
In a first stage, the program contemplates a line of credit to finance micro, small, and medium-sized enterprises (MiPyMEs) from all economic sectors that have a salary agreement and meet the reciprocity conditions with the entity.
The destination will be for investments in general and for recomposition of working capital and will have a combined nominal annual rate of 40%, during the first year, and then BADLAR plus seven annual percentage points (PPA) for the rest of the period.
The maximum amount to be lent will be up to 40 million pesos for investments and up to 10 million for working capital. The term reaches up to 60 months for the first case and up to 18 months for working capital.
Another of the lines of the program is aimed at people belonging to the micro segment. It is a loan with a single signature guarantee and destined for investment and working capital. The amortization term will be from 24 to 40 months, and 18 months, respectively, and will have a combined interest rate that was established at 40% Fixed TNA and then 53%.
Finally, a line of personal loans for retirees, pensioners and retirees in general and for those who receive their assets through the BNA was also announced. The destination is broad, with 24 and 40 month terms, with a maximum amount of up to one million pesos and with a fixed annual nominal rate of 40% during the first year, and then 48%.
The announcement was made at the ceremony for the 47th anniversary of the last civic-military coup that took place in the entity’s Central Hall, where the 31 detained and disappeared employees of Banco Nación, victims of State Terrorism, were honored.
During the event, Batakis was accompanied by the members of the board of directors, José Ballesteros, Cecilia Fernández Bugna, Julia Strada, Martín Pollera, Martín Ferré and Raúl Garré. Also present were the BNA Economic Research Manager, Karina Angeletti; the Gender, Diversity and Human Rights Manager, Julia Pérego, among other Human Rights officials and relatives of the 31 bankers who disappeared during the dictatorship.