75% of the approved credits were disbursed

As reported by the Central Bank led by Miguel Pesce, disbursements practically tripled this week compared to the previous one

The entities of the financial system have already disbursed 75% of the approved loans to micro, small and medium-sized enterprises (MiPyMEs), as reported this Friday by the Central Bank.

The group of entities of the Argentine financial system has loans for $ 102,148 million, with the special line at a maximum annual interest rate of 24% launched by the BCRA, of which $ 75,968 million were disbursed.

Disbursements nearly tripled this week from last week, according to the monetary authority.

In addition, the Argentine Guarantee Fund (FOGAR) has already reached $ 91.920 million in 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, $ 3,295.4 million 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 MIPYME financing approved by the BCRA is at least 220,000 million pesos.

The credits were granted since the line became effective on March 20.

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