President Javier Milei issued a decree that turned national public bank Banco Nación into a limited company, a first step toward its privatization. The state, however, will still continue to own 99.9% of its social capital, while the rest will remain at the hands of the Banco Nación foundation. The Asociación Bancaria (Bankers Association) rejected the decision.
February 20, 2025
SOURCE: BUENOS AIRES HERALD
Banco Nación to become limited company in first step toward privatization