Argentina's Banco Nación exhausts FGS funds in first mortgage auction, grants 210+ loans in 45 days

Banco Nación has fully deployed the ARS 32 billion received in the first auction of the government's mortgage credit program, issuing over 210 loans within 45 days. The rapid drawdown signals strong demand for mortgage credit in Argentina, but also highlights the limited scale of the program relative to housing needs. The development is a domestic financial event with potential implications for Argentine credit markets and housing activity.

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