Banco Nacion, the state-run bank that has two and a half times the assets of its next competitor in Argentina, Banco Galicia, is planning its return to international capital markets for the first time in 30 years. They have to go to the capital market for additional financing to deepen our lending and close the technology gap with competitors, according to its manager. Argentine banks started offering home mortgages in recent months for the first time in six years. Banco Nacion invests half as much as its competitors in technology development.
October 9, 2024
SOURCE: BNN BLOOMBERG
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