Mortgage Loans: Start the Government Program to Give "Fund" to Banks
7 Articles
7 Articles
On Monday the first tender will be made between the FGS of Anses with financial institutions. Banks will press for $200 billion in fixed terms of up to 5 years. Loans to families will begin to be offered from November.
The Central Bank will make the first bid to fund loans for the first house. There are limits to the rate and the time frame, but also an important clarification: families will not yet be able to ask for the money directly on Monday.
On Monday, the Central Bank will make the first $200,000 million tender for the Sustainability Guarantee Fund among financial institutions. Banks receiving these funds will have to allocate them to new housing loans under conditions set by the government.
Auctions of retirement contributions — currently administered by the Sustainability Guarantee Fund (FGS), which is dependent on the Anses — to be invested in fixed terms of between 1 and 5 years, and which banks must allocate to generate more accessible mortgage credit, will start on Monday.The first official call is for them to submit bids (may be more than one at each deadline) that day between 11 and 15 hours to access those fundsAmount of po…
The monetary authority communicated how placements will be carried out. Fixed periods will have two tranches: one with a minimum rate of 2.5% over inflation and the other with a rate of 4.5%.
The ARS $2 billion plan designed by the government of Javier Milei to boost activity via mortgage credits will finally be released on Monday
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