Argentina’s largest state-owned bank completes shareholding reform, government retains 99.9% equity

On February 21st, the Argentine government announced in an official bulletin on February 20th that President Millet signed a decree to officially restructure the country’s largest state-owned bank, the National Bank of Argentina, into a joint-stock company. According to the decree, after the restructuring, the government will hold 99.9% of the shares, and the remaining 0.1% will be held by the Argentine National Bank Foundation.