News

April 17, 2017

The China Development Bank will destine USD 150 million to the BICE to finance companies in Argentina

The BICE (Bank of Investment and Foreign Trade) has agreed to a USD 150 million finance from the CBD (China Development Bank) for investment projects to be developed in the country. The credit was consented to by the President of the Argentine institution, Pablo M. Garcia, and the CDB’s...

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April 16, 2017

The companies will be able to finance their exports with credits at a fixed rate of 1.5% in dollars

Companies from different segments and fields in the economic activities will have access to credits to finance their exports at a fixed preferential rate of 1.5% (Total Financial Cost 1.55%) in dollars. The goal of this campaign organized by the BICE (Bank of Investment and Foreign Trade), which will...

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March 15, 2017

The BICE had its quality management system recertified

Yesterday, during a ceremony, the IRAM (Argentine Institute of Standards and Certification) granted the BICE (Bank of Investment and Foreign Trade) the “Recertification of its Quality Management System” under the IRAM-ISO 9001:2008 Standard. The President of the Bank, Pablo García, the Institute’s General Director, Eng. Alberto Schiuma and the...

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February 23, 2017

BICE-CESCE: Agreement on the SME-oriented finance for the Hispanic-Argentine foreign trade

The BICE and the CESCE (Spanish Company for Export Credit Insurance) agreed to give Argentine SMEs easy access to Spanish capital goods. The presidents of both entities, Pablo M. García and Jaime García-Legaz, respectively, made this agreement during the presidential visit to Spain. As from the agreement, an Argentine...

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January 26, 2017

The BICE extended its export post-financing line terms to 10 years

The BICE (Bank of Investment and Foreign Trade) extended its export post-financing line terms to 10 years. This decision is according to Resolution 42/2017 of the Secretary of Commerce announced this week, which extended the terms for currency exchange settlements. The financial entity had recently announced the launching of...

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January 12, 2017

The BICE launches a new line to finance long-term exports

So as to improve the international competitiveness of the companies, the BICE (Bank of Investment and Foreign Trade) launched a new credit line to support medium and long-term exports. It is a finance operation with no resources, also called Forfaiting, which will let exporters position their products in the...

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December 15, 2016

The BICE got $1,155 million in the second issuance of negotiable instruments this year

The BICE successfully placed the second issuance of Negotiable Instruments (NI) for the outstanding amount of $ 1,155 million to be destined to financing productive investment projects, especially for small and medium companies. The first series of $ 1,000 million launched last August had been the debut of the...

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November 21, 2016

The World Bank approves of a USD 50 million program with the BICE to finance SMEs all over the country

On Friday, the World Bank approved a loan of USD 50 million to be granted through the BICE (Bank of Investment and Foreign Trade) to finance MSMEs’ long-term investment projects. “The operation is part of the Bank’s funding strategy to offer the financing conditions of International organizations to SMEs...

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November 16, 2016

The BICE will lend over $13,000 million to companies in 2017

“The BICE’s commercial disbursements will double in 2017 and will exceed the $13,100 million”, confirmed the president of the entity, Pablo M. García, during the first international meeting of development banks held at the Emperador Hotel. The event was opened by the Minister of Production, Francisco Cabrera, and important...

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October 26, 2016

Agreement between the BICE and the most important development banks in Spain

This morning, the BICE signed two Cooperation Agreements with the most important development banks in Spain, to promote cooperation and the financial support to companies of both countries. The agreements were implemented through the ICO (Official Credit Institute) and the COFIDES (Spanish Development Financing Company). The idea aims to...

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September 30, 2016

The BICE is present at the Production Board in San Juan

The BICE presented its main financing tools at the Provincial Production Board carried out at San Juan’s city center, organized jointly by the National Ministry of Production and the local Government. The Production Boards are part of the Program called the National Government Development Agenda which aims to strengthen...

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September 29, 2016

Meeting between the BICE and Rosario’s productive sector

Business Chambers and representatives of different economic sectors from Rosario participated in a conference with the BICE organized by Federación Gremial del Comercio e Industria (Trade Union Federation of Commerce and Industry) of the city of Santa Fé. During the event, held at the business institution offices this afternoon,...

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September 26, 2016

The agricultural machinery sector in Amstrong meets the BICE

Last Friday the BICE visited some agricultural machinery companies in Amstrong, Santa Fe, during an event organized by the Centro Comercial, Industrial y Rural (CCIR) (Commercial, Industrial and Rural Center) in that city and the local Secretariat of Economic and Productive Develpment. The aim of the meeting was to...

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September 21, 2016

The productive sector of Río Cuarto meets the BICE

Representatives of different economic sectors of the City of Río Cuarto in the province of Córdoba held a meeting with the BICE to learn about the long-term financing tools offered by the institution. The event was organized by the Centro Empresario, Comercial, Industrial y de Servicios (CECIS) (Corporate, Commercial,...

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September 20, 2016

The BICE presents its new line for SMEs in Córdoba

This morning the Bank of Investment and Foreign Trade introduced its long-term financing tools for corporations during an event organized together with the Provincial Ministry of Industry, Commerce and Mining and the Industrial Union of Córdoba (UIC in Spanish). At that event, atended by entrepreneurs and representatives of the...

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September 19, 2016

Mendoza companies invite the BICE to a business breakfast

The BICE presented its main long-term Financing lines during a business breakfast with companies from the metal and mechanic and energy sectors in the province of Mendoza. The event, held this morning, was organized by the local House of Production, the Undersecretary of Industry and Commerce of the Ministry...

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September 15, 2016

The BICE will work together with the European Investment Bank to finance SMEs investment projects

The Minister of Production, Francisco Cabrera, agreed with the vicepresident of the European Investment Bank, Román Escolano, to boost productive financing so as to focus specially on the segment of Small and Medium Enterprises (SMEs) and renewable energies. The financing will be carried out through the Banco de Inversión...

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September 13, 2016

Before some entrepreneurs from Coronel Suárez, the BICE presented its financing lines

Today, in the city of Coronel Suárez, province of Buenos Aires, the BICE presented its direct financing lines for companies during an event organized by the Unión Industrial de la Provincia de Buenos Aires (UIPBA) (Industrial Union of the Province of Buenos Aires) attended by the main representatives of...

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September 13, 2016

Business Forum to catch Investments

During the first day at the Investment and Business Forum, the President of the BICE, Pablo Garcia, presented the main tools of the institution to offer long-term finance to companies. The BICE’s official speech took place during the panel called “Banking Sector in Argentina”, with the participation of the...

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September 12, 2016

The BICE visits companies in Tucumán

Within the framework of the Regional Council of the NOA (Argentine NorthWest) Production held in the Province of Tucumá, a team from the BICE led but its president, Pablo García, visited the company plants in the area such as Vidrial SRL and the factory Leales. Vidrial SRL is a...

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September 08, 2016

A work day at the Industrial Park of Neuquén

Before SME entrepreneurs from different fields, the BICE presented its new financial inclusion line called “First SME Credit” at the Industrial Park of Neuquén. The meeting was held at Rimaoil Service SRL premises and was attended by the Ministry of Production and Tourim of that province. In the event,...

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September 02, 2016

SMEs in Neuquén visited by the BICE

At the SME Center of Economic Development Agency of Neuquén, the BICE presented different financing alternatives for small and medium entrepreneurs of the province. Organized as a Workshop, the presentation of the commercial officer Gabriel Cardador included all credit lines offered by the Bank to the sector, focusing especially...

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September 01, 2016

In Colón, the BICE presented its financial inclusion line called “First SME Credit”

This afternoon, at the Bicentennary House of the city of Colón, the BICE presented its new financial inclusion line called First SME Credit. Said meeting was held with entrepreneurs members of the Commercial, Industrial and Production Center of the city (CECOM) and Guarantee Funds (CASFOG). The first “First SME...

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August 29, 2016

The BICE closed a record semester regarding credit approvals for SMEs

In the first six months of the year, the BICE consented to credit operations for SMEs for $ 2,078 million, up 99.4% on the $ 1,042 million approved during the same period in 2015. The behavior was similar as regards disbursements and they were up 110% comparing the same...

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August 29, 2016

Business Breakfast with SMEs from Mendoza

SMEs entrepreneurs from Mendoza learnt about the different financing options offered by the BICE and the possibility to access them with guarantees of SGR Cuyo Aval. The meeting was held at the provincial Stock Exchange and it was attended by the BICE’s Deputy Interior Corporate Banking Manager, Marcelo Faramiñán,...

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August 26, 2016

Small and medium mining entrepreneurs of Río Negro met the BICE

During a work day at the mining company called José Cholino e Hijos SRL, the BICE presented the different financing alternatives before entrepreneurs members of the Mining Chamber of Río Negro. After listening to the presentation by the commercial officer Gabriel Cardador, the entrepreneurs pointed out the First SME...

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August 24, 2016

New presentation in Rosario before entrepreneurs from the Industrial Park of San Lorenzo

The BICE presented its Financial Inclusion program called First SME Credit before many entrepreneurs that make up the board of the Industrial Park San Lorenzo. During the meeting the industrial workers were informed about the benefits of said line, which provides the SMEs with a new financial tool which...

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August 18, 2016

Presentation at the Productive Development Commission of the Social and Economic Council of Rosario

On Thursday, 18 August, the BICE took part in the Meeting of the Productive Development Commission of the Social and Economic Council of Rosario and presented the new financial inclusion line called “First SME Credit”. Said presentation was made by the Team Leader of the Central Region, Adrián Giacchino,...

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August 10, 2016

After issuing its first Negotiable Instruments, the BICE succeeded in placing the maximum of $1,000 million

The BICE managed to place successfully its first issuance of Negotiable Instruments for the maximum amount of $1,000 million. The result is very significant because the placement means the Bank is getting into the public offer regime, for what it had been recently authorized by the National Securities Commission....

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August 09, 2016

Energy and the BICE signed a trust agreement to increase renewable energy sources

The National Ministry of Energy and Mining and the BICE made an agreement to create a public trust fund called Fund for the Development of Renewable Energies (FODER in Spanish), which will be a federal energy policy instrument. Engineer Juan José Aranguren, Minister of Energy and Mining, and Pablo...

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August 05, 2016

The BICE issues Negotiable Instruments for up to $1000 million to finance productive investment

The BICE has started to issue Negotiable Instruments at the headquarters of Buenos Aires Stock Exchange for up to $1000 million, and this will let it finance itself in the medium and long term, in line with the loans destined to the productive investment. The BICE, a financial organ...

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August 02, 2016

Presenting our new financial inclusion line “First SME Credit” in the Province of Santa Fe

The BICE has presented its new “First SME Credit” line before the entrepreneurs of the Industrial Federation of Santa Fe (FISFE in Spanish). Said line aims to foster the Financial Inclusion of the MSMEs, facilitating their productive development and formal employment generation. Said meeting was chaired by the President...

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July 26, 2016

The BICE is present at the third meeting of the Production Council

In the third meeting of the Production Council, the President of the BICE, Pablo García, presented the financial inclusion program “First SME Credit”. Through this tool it provides integral assistance to SMEs, with agile and simple access to loans, with a credit analysis based on the project sustainability and...

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July 21, 2016

Presentation of the program “First SME Credit” before entrepreneurs from Corrientes

Together with the Ministry of Justice, Labor and Commerce of Corrientes, today the BICE presented the program “First SME Credit” through which the small and medium enterprises are given the Tools to finance their long-term investment projects. The presentation, held at the Room of the Entrepreneurial Development Institute of...

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June 28, 2016

Seminar on Suppliers Development, Financing and Industrial Parks in the UIA

The “National Program of Suppliers Development of the Ministry of Production was presented this morning at the UIA’s offices. The BICE will have a central role there as supplier of long-term financing especially for the SMEs. Through said program, the Ministry of Production seeks to detect, accompany and strengthen...

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June 27, 2016

A Work Day on Investment and Development Bank at the Spanish Chamber of Commerce

Last Friday the President of the BICE, Pablo García, was one of the speakers at the work day on “Investments and Development Banks” organized by the Spanish Chamber of Commerce in Argentina, attended by its associates and other entrepreneurs. His speech was about the role and importance of the...

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June 21, 2016

Companies from Mendoza invest and grow with the BICE

According to the Treaty signed with the Fund for Mendoza Transformation, a work team led by the President of the Bank visited different companies in the province which have been growing thanks to the BICE’s finance: The graph company Smovir managed to incorporate state-of-the-art printing machines. Friolatina was able...

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June 21, 2016

AVEX investment will generate 400 direct job positions

The BICE, main financial tool of the Ministry of Production, and Banco Galicia have made a financial agreement for the company Avex S.A. through a credit of $ 250 million, which will let this poultry enterprise develop a transformation of its exporting profile and generate 400 direct job positions....

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June 21, 2016

The IDB and the BICE sign a Finance Facilitation program

The InterAmerican Development Bank (IDB) and the BICE have signed the renewal of the Trade Finance Facilitation Program (TFFP), at the Annual Meeting of the IDB Governors Board and the InterAmerican Investment Corporation (IIC) held in the Bahamas. The National Minister of Production, Francisco Cabrera, the IDB’s General Manager...

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June 14, 2016

Rate Improvement for MSMEs from Mendoza

After the signature of the agreement between the BIVE and the Fund for the Transformation of Mendoza on this date, the Micro, Small and Medium Enterprises (MSMEs) performing in that province will have access to credit lines with an improved rate to finance investments and to acquire capital assets....

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June 01, 2016

Pablo García, President of the BICE, was appointed in ALIDE’s Board of Directors

Pablo García was appointed Director of the Board of the Latin American Association of Development Financing Institutions (ALIDE) for the period 2016-2018. This appointment was made during the 46th Ordinary Meeting of ALIDE’s Board, held in Río de Janeiro, Brazil, on Friday 20 May. ALIDE is an international organ...

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May 09, 2016

Argentine SMEs: more investment and employment in the country

A SME furniture factory from Misiones, a paper factory from Chaco and a metal industry from the province of Buenos Aires have received the BICE’s financing for an amount of 14 million pesos. With the support of the State the three companies are investing, widening their production capacity and...

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April 01, 2016

The BICE gets the best rating awarded to a bank in the country

The Risk Rating Agency FIX (and affiliate of Fitch Ratings) raised the long-term rating for the Bank of Investment and Foreign Trade (BICE), from AA (arg) with Negative Outllook, to AAA (arg) with Stable Outlook. The rating agency explained that “the raise is due to the shareholder’s support (Ministry...

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