Regulatory Alerts2026-08-18 | A 8467Added · Updated
Circular LISOL 1-1150 OPRAC 1-1316: Credit Policy. Minimum Capital of Financial Entities. Large Credit Risk Exposures. Adjustments
The Central Bank of the Republic of Argentina amends the Credit Policy text to introduce a new financing category for legal entities not covered by previous points, capped at 15% of the entity's foreign currency deposits. This new category is assigned the same treatment as existing provisions in section 2.2, requiring special attention to the debtor's cash flow and equity to ensure repayment capacity despite exchange rate fluctuations. For capital minimum requirements and large exposure calculations, the credit exposure for these financings is determined by multiplying the calculated amount by a factor of 1.25. The document also eliminates point 2.1.7 of the Credit Policy text.
"2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS"
COMMUNICATION "A" 8467 18/08/2026
TO FINANCIAL ENTITIES:
Ref.: Circular LISOL 1-1150, OPRAC 1-1316: Credit Policy. Minimum Capital of Financial Entities. Large Exposures to Credit Risk. Adjustments.
We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:
“1- Incorporate into Section 2 of the consolidated text on Credit Policy the following destination: “2.1.xx. Financing to other legal entities that do not fall under the previous points, not exceeding 15% (fifteen percent) of the entity's foreign currency deposits.”
2- Grant the financings under point 1 the same treatment currently provided for those cited in the second paragraph of point 2.2 of the consolidated text on Credit Policy.
3- Incorporate as the last paragraph of point 2.2 of the consolidated text on Credit Policy the following: “In the case of financings for the destination provided for in point 2.1.xx., at the time of granting, special attention must be paid to the cash flow and/or equity situation, so that the debtor can withstand possible increases in the amount of obligations without affecting their repayment capacity, taking into account that their income may not follow the evolution of the exchange rate and considering what is established in the first paragraph.”
4- Provide that, for financings imputed to the destination established by point 1., which are not included in point 2.5.3 of the consolidated text on Minimum Capital of Financial Entities, the determination of the minimum capital requirement for credit risk provided for in that consolidated text and the credit exposure in matters of Large Exposures to Credit Risk will result from multiplying by a factor equal to 1.25 (one point twenty-five) the amount determined in accordance with the provisions of those norms.
5- Eliminate point 2.1.7 of the consolidated text on Credit Policy.”
Likewise, we inform you that we will subsequently send you the sheets that, in replacement of those previously provided, should be incorporated into the consolidated texts in question.
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We greet you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Principal Manager of Emission and Normative Applications
General Deputy Manager of Financial Regulation