The 2023 balance of National Bank It showed that loans for the productive sector and families fell to the historical minimum of 25.8% on deposits.
In parallel, the bank managed to add profits by US$ 2,200 millionmostly due to the purchase of public securities to finance the Government’s deficit.
At the same time, the irregularity of the loan portfolio increased to 12.2%, which represents a deterioration compared to the rest of the financial system.
“While the BNA restricted loans to families and SMEs, it acquired Leliqs and public securities to finance the National Treasury deficit. At the end of the year, The entity showed a profit equivalent to USD 2.2 billion or 47% of the capitalwhich came largely from public securities, in accordance with the monetary policy in force in the previous administration, which directed the banks to finance the Government’s deficit,” the entity indicated in a statement.
In this sense, the president of the BNA, Daniel Tillardassured that “the ongoing economic reorganization of the Government of President Javier Milei It is generating a substantial change in the banking business. The performance of the BNA must be based on increasing loans in favor of SMEs and families and simultaneously achieving greater efficiency in its operations.”
Finally, he stressed: “the transformation into a Public Limited Company is essential for growth, to achieve efficiency and improve transparency in the management of the Bank.”
The BNA was founded 132 years ago at the initiative of Carlos Pellegrini with the objective of being at the service of industry and commerce and in favor of small industrialists.
2024-03-11 23:01:40
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