Judge Alejo Ramos Padilla issued a precautionary measure to suspend the decree transforming the Banco de la Nación into a Joint Stock Company, which had been established by the National Government. This resolution was achieved through an agreement between the ruling block and several opposition blocks during sessions in the Budget and Finance, General Legislation, and Constitutional Affairs Committees.
"By ordering the transformation of the BNA into a joint stock company, Decree 116/2025 flagrant contradicts the will of Congress and constitutes an overreach of delegated powers," the magistrate pointed out in his resolution, ordering the National State to refrain from implementing this transformation.
The National Government had signed a decree the previous week to convert the Banco de la Nación Argentina into a Joint Stock Company as part of a privatization process. However, it is important to remember that the National Congress had excluded Banco Nación from the list of companies subject to privatization.
The head of La Bancaria, Sergio Palazzo, celebrated the judge's ruling and mentioned that it suspended the decree that transformed Banco Nación into a Joint Stock Company, thus respecting the decision of Congress. The judge's decision represents a milestone in this debate about the future of one of the country's most important financial institutions.
