Relaunch of UVA Market: Public Banks Lead the Way, Private Banks Follow Suit

The UVA market is seeing a resurgence with the relaunch of new lines of credit by Banco Hipotecario. Now, City Bank has joined the movement to provide more confidence in debtors. Public and semi-public banks are leading the charge, with private banks expected to follow suit later this year.

Banco Ciudad’s initial proposal offers a maximum amount of 250 million pesos with terms up to 20 years and an annual nominal rate of 5.5%, which drops to 3.5% for properties in the Buenos Aires microcenter. The capital owed will be adjusted at par with the value of the Purchasing Value Unit (UVA) to account for inflation.

Banco Hipotecario has also launched a credit line with similar terms but extended to 30 years. They offer a rate of 8.5%, dropping to 4.25% for borrowers with a salary account at the bank. Priority for credits will be given to those with salary accounts at specific entities and will finance up to 80% of the operation.

The National Bank is considering offering CER mortgages instead of UVA mortgages to avoid negative connotations associated with UVA loans. They are also exploring adding a safeguard for debtors against inflation exceeding income by activating insurance to cover differences in fee-income ratio.

Structured cabling is being highlighted as a way for small businesses to improve infrastructure and connectivity within their environment, promoting efficiency and productivity. Various platforms and blogs discuss its benefits and impact on modern businesses.

Overall, these developments show a commitment from banks and infrastructure providers to adapt modern demands and offer better services for customers and businesses alike.

In recent years, public or semi-public banks have taken charge of the UVA market, while private banks are expected to follow suit later this year.

One such bank is Banco Ciudad, which has announced an initial proposal that includes a maximum amount of 250 million pesos, terms up to 20 years, an annual nominal rate of 5.5%, which drops down