SMEs came out to demand that banks define the coverage of rejected checks

The General Business Confederation of the Argentine Republic (Cgera) and the General Economic Confederation of the Argentine Republic (CGE) demanded today that the banks “immediately define the coverage of the deferred checks of the SMEs in their possession, and that they are being returned, “in the context of the coronavirus pandemic.

Furthermore, they requested that the Central Bank (BCRA) “issue the necessary resolutions and provisions, and that it enforce those currently in force to guarantee the payment of wages, the chain of payments and the survival of SMEs, which are the fundamental pillar of the economy and employment in our country. “

Both entities made this known through a joint statement distributed to the press.

The president of Cgera, Marcelo Fernández, warned that since Monday, when the banks open their doors to the public, “they will have a massive presence of businessmen requesting urgent help to the economic problems that the mandatory quarantine left behind.”

“President Alberto Fernandez has the support of our chambers and entities to be as tough as possible with banks that turn their backs on SMEs,” he added.

For his part, Roberto Marquinez, president of the CGE, warned that “the banks continue with the selfish attitude of putting sticks to the wheel of the economy, pushing SMEs to their disappearance.”

Marquinez said that “in view of the very serious situation the nation is experiencing, we are asking President Alberto Fernández to call all the representative sectors of economic activity with the conviction that constructive dialogue is a priority and vital one.”