Marcó del Pont assures ‘banking system is in its best historical levels’

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bah-77000_25_234201By BuenosAiresHerald.com

Central Bank’s Governor (BCRA) Mercedes Marcó del Pont assured that the Argentine banking system “is in its best historical levels of liquidity, solvency and sluggishness indexes,” referring to Moody’s report.

“I can’t believe the lack of responsibility and professionalism of these agencies that are being questioned for their co-responsibility in the global financial crisis,” she continued.

“Today’s Argentine banking system has the lowest levels of sluggishness in its history, and what’s important to understand is that, although its no in the ideological conception of this rating agencies, the strength of the financial system of this country has to do with the strength of the national economy,” Marcó del Pont stated.

The BCRA Governor assured that this strength is based in the...Read Full Article

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