After Banco Hipotecario launched new lines of UVA credits for home purchase or construction, City Bank has joined the movement. The National Bank is also set to make an announcement with variations aimed at generating more confidence in debtors.
Public and semi-public banks are leading the way in the UVA market, with private banks expected to follow suit later this year. Banco Ciudad’s initial proposal includes a maximum amount of 250 million pesos with terms up to 20 years and an annual nominal rate of 5.5%, which drops to 3.5% for properties in the Buenos Aires microcenter. The capital owed will be adjusted at par with the value of the Purchasing Value Unit (UVA) to account for inflation.
Banco Hipotecario has also launched a credit line with similar terms but extended to 30 years. They offer a rate of 8.5%, dropping to 4.25% for borrowers with a salary account at the bank. Priority will be given to those with salary accounts at specific entities and will finance up to 80% of the operation.
The National Bank is considering offering CER mortgages instead of UVA mortgages to avoid negative connotations associated with UVA loans. They are exploring adding a safeguard for debtors against inflation exceeding income by activating insurance to cover differences in fee-income ratio.
Structured cabling has been highlighted as a way for small businesses to reinvent themselves by improving infrastructure and connectivity within their operations, promoting efficiency and productivity through seamless communication and data transfer capabilities. Various platforms and blogs discuss its benefits and impact on modern businesses.
Overall, these developments in the banking and infrastructure sectors show a commitment to adapting