National Bank of Argentina Reports Record Profits in 2023, But Loan Portfolio Deteriorates

National Bank of Argentina Reports Record Profits in 2023, But Loan Portfolio Deteriorates

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 … Read more

Banco del Bienestar Denies False Loan Rumors Circulating on Social Networks – Warns Vulnerable Population to Beware of Scams

Banco del Bienestar Denies False Loan Rumors Circulating on Social Networks – Warns Vulnerable Population to Beware of Scams

By Pilar UrbinaMarch 10, 2024 at 4:19 p.m. In recent days, information about an alleged loan in the Welfare Bank that beneficiaries of Social Programs can request. This loan offers an amount of 10 thousand up to 50 thousand pesos, with a minimum interest rate, which will be delivered in cash at any OXXO store. … Read more

Bankruptcy Proceedings on the Rise in Vigo: From Thousands to Millions – 2024 Insights

Bankruptcy Proceedings on the Rise in Vigo: From Thousands to Millions – 2024 Insights

Colloquially, if we talk about bankruptcy proceedings almost everyone relates it to the business bankruptcy: a firm, a business, a company that has not managed to overcome a crisis stage and cannot meet its debts, which range from non-payment of salaries to rent or mortgage of the premises, bank loans, etc. Many Vigo residents must … Read more

Honduran National Congress Approves Budget Expansion for UNAG and Credit Agreements

Honduran National Congress Approves Budget Expansion for UNAG and Credit Agreements

Tegucigalpa, Honduras.- The different groups represented in the National Congress, this Wednesday night, approved the expansion of the budget for the National University of Agriculture (UNAG), loans and credit agreements. In a session that began three and a half hours late, they approved the second opinion of the night, which includes a loan with the … Read more

New York Attorney General Seeks $1.4 Billion in Damages from Yellowstone Capital for “Illegal, Ultra-High-Interest Loans”

New York Attorney General Seeks .4 Billion in Damages from Yellowstone Capital for “Illegal, Ultra-High-Interest Loans”

New York Attorney General Letitia James is seeking $1.4 billion in damages from Yellowstone Capital, a.k.a. Delta Bridge, and its subsidiaries over “illegal, ultra-high-interest loans.” Jeenah Moon—Bloomberg via Getty Images In a lawsuit filed todayNew York Attorney General Letitia James is alleging that Yellowstone Capital and over 40 of its subsidiaries provided merchant cash advances … Read more

Over 9,800 Agricultural Holdings in Castilla y León Receive Subsidized Loans Totaling 409 Million Euros Amidst Drought Crisis: Government Support

Over 9,800 Agricultural Holdings in Castilla y León Receive Subsidized Loans Totaling 409 Million Euros Amidst Drought Crisis: Government Support

A total of 9,810 owners of agricultural holdings in Castilla y León have seen their subsidized loans formalized to provide liquidity to the holdings and to be able to face the drought and whose value amounts to 409,507,770 million euros. The Ministry of Agriculture, Livestock and Rural Development contributes a maximum of 60 million euros … Read more