The Agrarian Bank is not underfunded: its manager denied the splicing commission



The Agrarian Bank comes out to deny the figures presented by the joint committee of the government of Gustavo Petro;  They assured that there is no definancing for 700 billion pesos.  Photo: Colprensa/Juan Manuel Cantillo
The Agrarian Bank comes out to deny the figures presented by the joint committee of the government of Gustavo Petro; They assured that there is no definancing for 700 billion pesos. Photo: Colprensa/Juan Manuel Cantillo

The ‘road map’ that will develop Gustavo Petro in the presidency as of next Sunday, August 7, the different splicing committees have presented the elected president with the situation in different areas and entities with which his program of governmentone of these was the reference with agronomy. There they pointed out that agrarian Bank there is a problem of decapitalization, or lack of capital, for some 700 billion pesos.

The different committees issued a series of different alerts about irregularities or deficiencies in the different portfolios or fronts, in addition to what happens in ministries such as Health either External relationshipsone of the most relevant, because of what was promised during the election campaign, is the land issue.

SEE ALSO: Reactivation of relations with Venezuela will cost about 26 billion pesos, assured the vice chancellor of Gustavo Petro, Laura Gil

Precisely the theme of agrarian reform It is not a minor issue and the splicing committee has presented its balance on this issue, broadly speaking they found 137 risks and 112 processes among: corruption, technological failures, fraud, execution and administration of processes, among others.

Taken from the final report of the joint committee of the Ministry of Agriculture.  These would be the irregularities left by the Duque government.
Taken from the final report of the joint committee of the Ministry of Agriculture. These would be the irregularities left by the Duque government.

One of the most striking was the issue of agrarian Bankwhere they pointed out that with a cut to June of this year, the data of the Financial Supervision They showed that the solvency, the resources that the entity has, was located at 15.72%, which represents almost half a percentage point less than what it had in April, for which a decapitalization.

Well, in light of these remarks, agrarian Bank came out to deny said lack of capital, assuring that before the figures of the Superintendence the balances are positive, in fact, the 700 billion pesos that afflict, are an injection that was made to the Bicentennial Groupwhich was authorized at the time by the Treasury.

“In December 2019, the general assembly of the Agrarian Bank authorized the spin-off of the Bank’s capital to nurture the Bicentennial Group with $700 billion. As input for making this decision, the Ministry of Finance asked the bank’s management to analyze the impact that a capital reduction could have on the portfolio’s growth plans. After the financial analysis, it was determined that a reduction of $700 billion would not limit the entity’s growth plans or its financial strength.

They add that as of 2020 and as of June of this year, the loan portfolio has grown by 18.1%, some 16.41 billion pesos, ensuring not only equity and capital, but also the budget. for the entity’s growth plans.

“As of the year 2020, the Bank, with its new capital, has grown its loan portfolio until June 2022 by 18.1%, reaching a total amount of $16.41 billion, which shows that the Bank’s capital has been enough to support its credit portfolio and other investment operations that require it. Today, the Bank’s capital (technical equity) stands at $2.05 trillion, which shows a comfortable solvency of 15.72%, as already mentioned, with which it could, according to the regulatory limit, leverage immediate growth. of its 91% portfolio”.

Even the agrarian Bank highlights that the entity has been strengthened during the government of Ivan Dukenot only for their own benefit, they also ensure that more people have been allowed to access financial products for both agricultural producers, rural women and rural youth.

“In this government, the largest expansion of development credit has been made, with accumulated disbursements for the four-year period of $13.6 billion for small and medium-sized agricultural producers, which represents a growth of 38% compared to the previous four-year period and with a growing trend every time. that to the accumulated from 2022 to July amounts to $2.51 billion, which represents a growth of 58% versus the accumulated to July 2018. In rural women, the Bank has disbursed $3.32 in this four-year period, which represents a growth of 56% and in rural youth also a record figure of $854 billion”.

Finally, they make it clear that no investment is planned in any real estate project, among many other reasons, because these incursions are prohibited for any bank, in accordance with current regulations.

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