Controversy over a measure by the Central Bank of Argentina (BCRA) that excluded Banco Provincia from the bidding process for new mortgage loans

The Central Bank of the Argentine Republic (BCRA) recently conducted the inaugural auction of fixed-term deposits from the Anses Sustainability Guarantee Fund (FGS) to finance new mortgage loans. Eighteen financial institutions participated in the process, which aims to provide liquidity for the expansion of mortgage credit across the country.

The Banco de la Provincia de Buenos Aires (Bapro) was notably excluded from this initial auction, sparking controversy regarding the measure. The exclusion highlights a point of tension between the national government and the provincial administration of Axel Kicillof, occurring alongside other ongoing political disputes between the two jurisdictions.