Banco Macro : first Private Bank in granting a loan under the PROCREAR program

The Micceli family, of the City of Paraná, executed a notarial deed with Banco Macro. This is the first notarial deed to be executed by a private bank in the frame of the program Solución Casa Propia

Paraná, Entre Ríos, December 13, 2016. Banco Macro announces the granting of the first mortgage loan under the PROCREAR facility line. This is the first private bank in granting a loan under this facility line. The loan was granted in the district of Paraná, Province of Entre Ríos, for the sum of AR$ 465,000.

The conveyance notarial deed of the first dwelling purchased in Entre Ríos under the PROCREAR Solución Casa Propia was signed in the City of Paraná, on Tuesday December 6th. Under this program, that involves payment in affordable installments within terms of up to 20 years and selection by a ranking in terms of low income and need indicators, the Micceli family fulfilled their homeownership dream within one month. The closing of the real estate purchase was held at the branch of Banco Macro located at Pellegrini 49 in the City of Paraná.

The deed was executed by Néstor Roggi, acting on behalf of Banco Macro as its Regional manager, and by Silvina Michelin and Enrique Susevich, as manager of the branches Paraná I and II, respectively, of ANSES (Argentine Social Security Agency).

On this matter, the Executive Director of ANSES, Emilio Basavilbaso, stated that 'both stages of enrolment were very important because they reflected Argentines strong interest in becoming homeowners. The names of the selected families under the program will be announced on December 15th so that they may start the steps to receive the loan'.

Michelin stated that: 'we are proud to accompany those who today, thanks to the homeownership assistance program PROCREAR Solución Casa Propia, can start to program a new family life in their own home. This is the result of years of hard work and savings obtained with effort; the Government provides assistance with a subsidy and the bank with a loan to make this come true'. Susevich added: 'We wish the joy of this family from Paraná to extend throughout the province and Argentina at large, we need more Argentines to progressively become homeowners'.

Gino and María Emilia, the new owners

The had been lessees for many years and during the execution of the deed, Gino said 'it seems like a dream, we are signing our own notarial deed and we cannot believe that have a home of our own, paying an installment and not a rent'. María Emilia, added that 'we looked for a house for quite a long time. Both of us and our daughter Felicitas are thankful because we would not have been able to achieve this alone'. The purchased two-bedroom dwelling is located within boulevards. Approximately forty days elapsed since the time when they enrolled in the web page of the program, www.procrear.anses.gob.ar, until they resulted winners of the draw.

Milagro Medrano
Institutional Relations Manager
Banco Macro
www.macro.com.ar

Banco Macro
Macro is composed of Banco Macro and Banco Tucumán Grupo Macro, has a staff of 8626 employees, 1364 ATMs, 912 self-service terminals and a structure of 479 attention points, currently being the private bank with the largest branch network throughout Argentina, ranking first among Domestic Private Banks.

Solución Casa Propia program in Entre Ríos

The second stage of enrolments under the program Solución Casa Propia, held from October 21 to November 30 throughout Argentina, resulted in an aggregate of 60,633 enrolled in Argentina, of which 1923 enrolled in Entre Ríos.

From those enrolled in Entre Ríos, 1210 have income ranging from AR$15,120 and AR$22,680 and the remaining 713 have monthly incomes ranging from AR$22,680 and AR$30,240.

The Solución Casa Propia program

PROCREAR Solución Casa Propia is a federal program that combines State aid, family savings and a bank mortgage loan in a mutual cooperation structure. As from the execution of this first deed, whoever is awarded under the program may choose the bank among those included in the agreement.

Solución Casa Propia offers affordable installments payable within terms of up to 20 years and the families become eligible according to a transparent system of social points that gives priority to families according to their dwelling needs.

The Program is implemented by the Argentine Social Security Agency (ANSES), the State Property Administration Agency (Agencia de Administración de Bienes del Estado (AABE)), the Ministry of Home Affairs, Public Works and Dwellings (Ministerio del Interior, Obras Públicas y Vivienda) and the Ministry of Economy (Ministerio de Hacienda y Finanzas).