News: "Companies with pension debts can take out bank loans"

Dear industrialists:

You are informed that yesterday, Tuesday, September 28, a joint statement was issued between BCRA and AFIP (attached to this email) stating that financial entities should not restrict access to financing due to the existence of unpaid pension obligations as long as the borrower requires the total or partial allocation of the financing to the total cancellation of said debts.
Through Communication “C” 90926, the BCRA reiterated to financial entities the procedures for credit management in the case of debt and compliance with pension obligations.
The communication sent to the banks specifies that, if as a result of the “Consultation for Financial Entities of Pension Debtors” the existence of debts arises, they must notify such non-compliance.ents to the loan applicant, informing them that they may be canceled through the procedure indicated in the AFIP regulations. Emphasizing that the borrower may request that the intervening financial entity assign all or part of the financing to the total cancellation of pension debts.
We remind you that ADIMRA carries out a monthly survey of the main financing lines offered by the most important banks in the country, both public and private, so that the greatest information serves all industrialists for better decision-making. Attached to this email you can find the latest updated report for September. 
Likewise, we offer advice on financing to companies. Those companies that have doubts about bank financing or the capital marketales will be able to contact Francisco Arno through Financing - ADIMRA Window: M2UyNGM2ZTYzMWFjYmIxOTZiMWRmNjBiYzFmOTNhNjUwZjYiLCJpIjpbXSwidSI6Imh0dHBzOi8vd3d3LmFkaW1yYS5vcmcuYXIvdmVudGFuaWxsYS9maW5hbmNpYW1pZW50byIsImMiOiIi LCJoIjoiMGJjNzZiIn0" target="_blank">VUA.

Best regards,