Industry

Banco Provincia announced a line of financing at 0% rate for agricultural producers

The Bank of the Province of Buenos Aires announced new lines of financing for agricultural producers. Seven billion pesos ($93.7 mn) will use to finance purchases made with the Procampo card in more than 300 establishments at a 0% rate. So far this year, more than 46 billion pesos ($615.79 mn) in loans have been granted to Buenos Aires’ agribusinesses, almost half of all loans to businesses. The new financing package at a 0% rate is part of the “Province on the Move” Plan, which was announced a few days ago by the Buenos Aires government, where a commitment made to allocate another 35 billion pesos ($468.54 mn) also to the productive sector.

Source: Infobae