Circular Active Operations - OPRAC 1 - 41. Credit Policy. Reduction of the ratio established for financial placements

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 540 02/10/84
TO FINANCIAL ENTITIES:
Ref.: Circular ACTIVE OPERATIONS - OPRAC - 1

• 41. Credit Policy. Reduction of the ratio established for financial placements

We address you to inform you that this Institution has adopted the following resolution:

“ - Establish at 5% (five percent) the maximum ratio with respect to the monthly average of the daily balances of the assets included in the statement of placements of a financial nature corresponding to the month immediately preceding that of the credit agreement, against the total balance of assets of the natural and legal persons requesting assistance registered at the end of the same period, as referred to in point 6.2 of the Annex to Communication “A” 467.”

We salute you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Oraldo N. Fernández
Manager of Financing and Studies of the Financial System Carlos Fagioli Deputy General Manager