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Banco Nación Delivers Loan Records to Court as Officials Defend Mortgages

Judicial review begins with the state bank insisting its audits found no irregularities.

Overview

  • The state bank’s board, which went to court Thursday, offered Judge Ariel Lijo and prosecutor Gerardo Pollicita full documentation and said internal audits found no improper lending.
  • President Javier Milei publicly backed the officials’ borrowing and framed the issue as a question of legality and values, while Economy officials Federico Furiase and Felipe Núñez said they received no special treatment.
  • Records from the Central Bank’s debtor registry list large mortgages for Núñez (about ARS 373 million), Furiase (about ARS 367 million) and Central Bank director Pedro Inchauspe (about ARS 511 million), and Furiase said his loan was for a second home.
  • Banco Nación says public employees who are salary clients can access a 4.5% annual rate and that only loans above ARS 5,000 million reach the board, while Núñez argued officials account for less than 0.2% of the bank’s 27,000 mortgages.
  • The controversy began after the site ¿Cuánto deben? used public Central Bank data to surface officials’ debts, prompting opposition complaints and a resignation request for a chief of staff, and it now tests transparency standards at Argentina’s main state bank.