Banco Provincia President: “We have grown significantly by fulfilling a counter-cyclical role”
Translated from Spanish, summarized and contextualized by DistantNews.
At a glance
Interview
Named sources
Context piece
- Banco Provincia President Juan Cuattromo stated the bank has grown significantly by fulfilling a counter-cyclical role.
- He highlighted that eight out of ten pesos lent by the bank are directed towards productive activities.
- The president noted that rural sector loan defaults remain lower than in other economic segments.
Banco Provincia has achieved substantial growth by actively playing a counter-cyclical role in the economy, according to its president, Juan Cuattromo. He emphasized that the bank's lending strategy prioritizes productive activities, with a significant portion of its funds supporting businesses and agriculture.
We have grown a lot by fulfilling a counter-cyclical role.
Cuattromo pointed out that a notable eight out of every ten pesos lent by Banco Provincia are channeled into the productive sector. This focus underscores the bank's commitment to fostering economic development and supporting businesses that drive growth within the region.
Eight out of every ten pesos lent are destined for productive activity.
Furthermore, the bank president highlighted the resilience of the rural sector, noting that its loan default rates continue to be lower compared to other segments of the economy. This indicates a stable and reliable performance from agricultural borrowers, reinforcing the bank's confidence in its lending practices within this key sector.
The default rate in the rural sector continues to be lower than that registered in other segments of the economy.
DistantNews Editorial
Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.
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