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BBVA Banco Francés S.A. Message Board

  • dasamaru40 dasamaru40 Jun 12, 2009 12:04 PM Flag

    jkjacksohn- Arg. bank dividends

    On the Reuters, 10-June-Y2K+9: Bank dividends that have been declared have been postponed until the stress tests on the Argentine banking system are completed.The reasons on the positive side of their banking system were stated as follows: the Argentine economy is highly cash-based, lending practices are conservative and profit is largely fee-based.On the negative side, the banks value sovereign debt at face value, doubts about the accuracy of the government's key economic data and budgetary projections. Another note: The delinquent loan rate in the banking sector is about 3% , much lower than regional and historical levels.Total lending in Argentina is around 11%. All this information was through Reuters.

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