The disbursement of credits to MiPyMEs increased by 40%

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The group of entities of the Argentine financial system has loans approved and in the process of doing so for $ 118,698 million

The group of entities of the Argentine financial system has loans approved and in the process of doing so for $ 118,698 million, with the special line at a maximum annual interest rate of 24% launched by the Central Bank (BCRA).

The disbursement of loans to micro, small and medium-sized enterprises (MSMEs) accelerated at a rate of 20% at the beginning of the week and, compared to last, grew by 40% to reach the amount of $ 60,236.2 million .

In addition, the Argentine Guarantee Fund (FOGAR) has already reached $ 91,920 million, which function as guarantees for financial institutions to have new loans.

These loans are distributed 36.6% in public banks, 41.2% in national capital banks and 22.2% in foreign capital banks.

Of the amount disbursed, $ 2,974.8 went to companies providing health services, reached by regulations beyond their size and within the framework of the national prevention policy of COVID-19.

The complete line of MiPyMEs financing approved by the BCRA is at least 220 billion pesos.

The credits were granted from the entry into force of the line on March 20 and until April 14.

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