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Argentine Bank Stocks Drop on Requirement for Low-Interest Loans

Argentine bank shares slid in Buenos Aires trading after regulators stiffened the requirements for lenders to provide a portion of their loans at interest rates that are well below inflation.

Banco Macro SA, Argentina’s second-largest bank by market capitalization, fell 1.7 percent as of 12:33 p.m. in Buenos Aires, the biggest decline on the benchmark Merval stock index. Grupo Financiero Galicia SA, the third-largest, lost 1.2 percent.