Banco Ciudad launches $150M mortgage program with subsidized rates

Banco Ciudad, Argentina's state-owned bank, announced a new mortgage loan program totaling $150 million, offering 25-year terms with subsidized interest rates and financing up to 75% of property value. This is a domestic credit expansion initiative, likely aimed at boosting housing demand and financial inclusion. The program's impact on broader markets is limited, but it signals continued government support for housing finance.