
The Minister of Deregulation and State Transformation, Federico Sturzenegger, informed about the transformation of Banco Nación into a public limited company as part of the state reform promoted by Decree 70/2023. This modification aims to eliminate privileges, increase transparency, and strengthen the bank's position in the financial market.
According to Sturzenegger, Decree Delegated 116/25, signed by President Javier Milei, Chief of Cabinet Guillermo Francos, and Minister of Economy Luis Caputo, will significantly modify the bank's statute. The elimination of privileges such as Article 31, which required judicial deposits to be made exclusively in Banco Nación, is highlighted.
According to the new decree, Banco Nación will be renamed Banco de la Nación Argentina Sociedad Anónima (BNA S.A.), maintaining state control with 99.9% of the shares, while the remaining 0.1% will be in the hands of the Fundación Banco de la Nación Argentina. This transformation seeks to enhance the bank's competitiveness in the financial sector, optimize resources, and ensure its permanence in the market.
In addition to this measure, the conversion of Coviara, a development company dependent on the Ministry of Defense, into a public limited company has been specified, as indicated in Decree Delegated 117/25. The union expressed its opinion on the relevance of Banco Nación in the country's economy, highlighting its fundamental role in supporting industry, agriculture, SMEs, and citizenship.
Although the decree does not imply immediate privatization, experts warn that the conversion into a public limited company could open the door to private investment, which could have repercussions on the internal structure, financial products, and credit policies of the bank.
Amid criticisms and controversies, the union La Bancaria, led by Sergio Palazzo, strongly rejected the decree, labeling it a "scam." The transformation of Banco Nación into a public limited company has raised suspicions about the real intentions behind this measure.