meta_id 3414097

On August 18, 2026, the Central Bank of Argentina (Banco Central de la República Argentina) issued Communication "A" 8467, amending its credit policy framework and minimum capital requirements for financial entities. The Central Bank adopted a resolution introducing several modifications to its ordered text on Credit Policy, Minimum Capital of Financial Entities, and Large Credit Risk Exposures. The key changes include: incorporating a new financing destination category for legal entities not covered by previous provisions, limited to 15 percent of the entity's foreign currency deposits; applying the same treatment to these new financings as currently provided for those referenced in Section 2.2 of the ordered text on Credit Policy; and adding requirements that financial entities exercise special attention to cash flow and equity situation when granting such financings, ensuring borrowers can manage potential increases in obligations without affecting repayment capacity, particularly considering that borrower income may not track foreign exchange movements. Additionally, the Central Bank established that for financings allocated to this new destination category and not covered by Section 2.5.3 of the ordered text on Minimum Capital, the minimum capital requirement for credit risk and large credit risk exposure will be calculated by multiplying the amount determined under existing norms by a factor of 1.25. The resolution also eliminated Section 2.1.7 of the ordered text on Credit Policy. The Central Bank indicated it would subsequently provide replacement pages for incorporation into the referenced ordered texts. Financial entities should review the updated regulatory framework and ensure compliance with the new requirements regarding credit policy, capital adequacy, and large exposure management.