He Central Bank of the Argentine Republic (BCRA) established that banks, with prior authorization, They may distribute up to 60% of its dividends corresponding to the year 2025, making the payment in three monthly installments, equal and non-cumulative.
The new layout of the Central establishes that, until December 31, 2026, financial entities that have official authorization may transfer their profits abroad. Payment of each installment will be made effective from the third business day of May and each month in which the distribution takes place.
From the monetary organization they highlighted that The percentage is the same as last year.. The difference is that last year Banks were allowed to distribute retained dividends in up to 10 installments. On the other hand, in 2026 only the results of 2025 can be transferred.
As officially announced by the BCRAthe total amount to be distributed may not exceed 60% of the result for the year corresponding to last year, net of the legal and statutory reserves whose constitution is mandatory and are registered on the same date. This condition seeks to ensure that entities maintain adequate capitalization levels before proceeding with the distribution of profits.
The measure requires that all distribution of results conform to what is reported in the Business Plan and Projections Information Regime, as well as in the Capital Self-Assessment Report. According to the text, “the calculation of the concepts provided for in Sections 2. to 5. of this ordered text and the limit amount to be distributed must be carried out in the homogeneous currency of the date of the assembly.”
The resolution determines that only entities that have received specific authorization from the Central Bank and that they comply with the capital and transparency parameters required by current regulations. The 60% limit aims to preserve the soundness of the Argentine financial system, while allowing some flexibility for the distribution of profits under strict supervision.
He Central Bank of the Argentine Republic (BCRA) It completed 52 consecutive rounds with a currency purchase balance in a scenario of exchange calm. This Thursday, the entity incorporated USD 132 millionthe highest figure of the month, and has acquired more than USD 3.6 billion so far this year, although the international reserves recorded their seventh consecutive loss.
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Since the beginning of the fourth stage of the monetary program, in January, The BCRA added USD 3,611 millionexceeding a third of the annual objective set for 2026. Official projections place the net accumulation of reserves for that year between USD 10,000 and USD 17,000 millionaccording to the demand for pesos and the availability of foreign currency.
At the close of the last day, the International reserves totaled USD 43,702 millionwhich represents a decrease of USD 793 million compared to the previous day, linked to a decrease of approximately USD 600 million in the valuation of assets that make up the BCRA’s assets.
At the end of last month, the level of reserves had reached USD 46,905 million, the highest since the beginning of the current administration and the highest in six years, after the USD 47,448 million reached then. Debt payments and changes in asset valuations influenced these movements.
The objective of reserve accumulation was limited by the financial needs of the Treasury, which turned to the BCRA to obtain foreign currency and meet maturities, which slowed down the growth of the stock throughout the year.
The inflow of foreign currency that made the Central Bank’s purchases possible originated mainly from the liquidation of exports from the agricultural sector and the placement of debt by companies and provincial governments. Since the legislative elections of October 2025, the issuance of negotiable obligations and provincial bonds generated an income of 11 billion dollars.
During the international press conference he gave in Washington this Thursday, Julie Kozackspokesperson for International Monetary Fund (IMF)He highlighted: “The commitment between IMF staff and the authorities is very close, and the talks are moving forward.” Kozack also highlighted the continuity of the accumulation of reserves by the Central Bank during 2025, although he avoided establishing a deadline for the completion of negotiations between the organization and the Ministry of Economy.
“As we have discussed here, to rebuild international reserves, the Central Bank of the Argentine Republic has purchased nearly 3.5 billion dollarsin reserves since the beginning of the year,” said Kozack. And he summarized: “This is equivalent to about seventy million United States dollars per day.”
