CFK announces CB to force banks to give out investment loans

President Cristina Fernández de Kirchner announced today that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”

The announcement was made this evening at the Government House, following the President inaugurating a new pasta factory in Greater Buenos Aires area of Chivilcoy by videoconference.

“The State is intensely confident in businessmen," the President stated. 

"It’s clear to see, by the level of investment made in businesses that the State have the most confidence in them.” 

“Private banks seem to not have very much confidence in businessmen, because they give out more consumer loans,” the Head of State furthered, during a televised speech given today.

Fernández de Kirchner was leading a ceremony this evening at the Government House, after cancelling a trip to Chivilcoy, where she was expected to inaugurate the pasta production line of Molinos Cánepa in person. The trip was cancelled due to poor weather.

Buenos Aires province Governor Daniel Scioli and Interior Minister Florencio Randazzo, Chivilcoy mayor Aníbal Pitteli and Los Grobo owner Gustavo Grobocopatel were also expected to take part in the ceremony.

Shortly before noon, Fernández de Kirchner met with Public Works Secretary José López at the Olivos presidential residence.