New mortgage loans: The Government will auction funds from Monday to expand the banks' offerings
World1 source1 country🔦 Under-reported13m ago
The Argentine government, led by Javier Milei, will begin auctioning funds from the Sustainability Guarantee Fund (FGS) of the National Social Security Administration (Anses) starting Monday. The initiative aims to provide liquidity to banks, enabling them to expand their mortgage lending capacity through UVA-indexed loans.
By utilizing these fixed-term UVA deposits, the government seeks to increase the availability of mortgage credit in the financial system. This measure is positioned as a mechanism to facilitate access to housing loans by bolstering the funding sources currently available to commercial banks.
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Infobae (Retail analysis)Focuses on digital economy trends and physical retail vacancies
Infobae (Mortgage news)Focuses on government policy and mortgage credit expansion
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