The governor of the province of Buenos Aires, Axel Kicillof, announced a new commercial debt refinancing plan for small and medium-sized enterprises through Banco Provincia. The measure, presented this Thursday, seeks to respond to the growing delinquency affecting the productive sector in a context of falling consumption and economic recession.
The program allows SMEs to refinance their liabilities in up to 36 monthly installments with a nominal annual rate (TNA) of 25.7%, which according to the provincial government is the lowest on the market for this type of operation. The entity applies a bonus of up to three percentage points on the reference rate for the SME segment, placing the financial cost below the offers of other banks, which currently range between 28.2% and 28.3% annually.
The refinancing scheme contemplates two modalities depending on the level of default: for early default, the TAMAR rate plus a spread of between 6 and 9 percentage points is applied; for late default (more than 90 days), the spread is reduced to between 1 and 4 points. In this way, Banco Provincia seeks to facilitate access to financial recovery tools for companies of all sizes.
When announcing the measure, Kicillof stated that the initiative seeks to assist the productive sector in the face of the current economic scenario. "Faced with an economic model that suffocates consumption, paralyzes production and pushes thousands of companies into debt, from the Province we continue to build responses," the governor expressed on his social media. And he added: "Defending SMEs is defending national production and the future of Argentina".
For his part, the president of Banco Provincia, Juan Cuattromo, highlighted that the new proposal "significantly reduces the financial cost compared to the conditions we had in force until now and those offered by other banks". The line for companies adds to the refinancing plan for families that the entity launched at the beginning of the year, which during the first half of 2026 carried out 75,000 operations for more than $281,000 million.
The measure comes at a critical time for the productive fabric of Buenos Aires, where thousands of SMEs face difficulties in meeting their financial obligations due to falling consumption and rising operating costs. With this tool, the provincial government seeks not only to alleviate the burden on companies, but also to preserve employment and the productive capacity of a sector that represents a fundamental part of the Argentine economy.
