Banks Estimate that They Have Already Refinanced More than 500,000 Loans to Defaulters

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The banks estimate that they have already renegotiated more than 500,000 loans in an irregular situation, while the number of people with difficulty in meeting their payments grows. What it means to refinance a debt and what options the financial system analyses.

BAE Negocios

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The banks estimated that they have already refinanced more than 500,000 outstanding loans, according to data published by the Central Bank's Debtors' Centre. The figure appears in full parliamentary discussion about a possible relief regime for families and indebted companies.The Chamber of Argentine Private and Public Banks (ADEBA) maintains that voluntary refinancing shows that the system can solve the problem without a state intervention. How…

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Banks estimate that they have already refinanced more than 500,000 irregular loans, according to the statements reported by the banks themselves to the Central Bank of the Argentine Republic (BCRA). According to estimates by the consultancy EcoGo, these restructurings reached about 386,000 people during July, representing 6.5% of the total number of defaulting debtors of the system if the Fintech sector portfolio is included. In parallel, financ…

Noticias Argentinas | Agencia de noticias

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Representatives of the financial sector defend private agreements without state intervention, while from the opposition they present projects on the subject.