In the group of MSME companies, it benefited from a new line of financing with a subsidized rate of 24%.
SUBSIDIZED LINE AT 24% FOR MSMEs
The credit offer to MSMEs promoted by the Central Bank of the Argentine Republic has been growing since the entry into the Preventive and Mandatory Social Isolation ordered by the national government and the projection indicates that the entire line will be placed.
Since March 20, the financial system has expanded its financing lines to all companies regardless of their size for $ 188,500 million, which represented a growth of 20.4%, and is an increase of 83.8% compared to last year.
COMMERCIAL LINES FOR COMPANIES
The private sector also benefited from a substantial drop in the cost of financing, in the order of 50%.
SUBSTANTIAL REDUCTION IN THE COST OF FINANCING
The Central Bank of the Argentine Republic has been developing instruments to improve access to bank financing under more advantageous conditions for companies.
