Santander CEO: Argentina Stability Must Reach Real Economy, Refinances 78% of Defaulted Portfolio

Santander's CEO in Argentina notes that macroeconomic stability has not yet translated into real-economy improvements, highlighting the bank's refinancing of 78% of its defaulted portfolio. The bank aims to connect energy projects with investors, citing Argentina's need for infrastructure and long-term financing. This signals ongoing credit stress and investment gaps despite stabilization efforts.