{"id":13370,"date":"2026-07-02T17:41:37","date_gmt":"2026-07-02T20:41:37","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=13370"},"modified":"2026-07-02T17:41:39","modified_gmt":"2026-07-02T20:41:39","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c07%ec%9b%94-02%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=13370","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(07\uc6d4 02\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. 6\uc6d4 \uc138\uc218 8% \uac10\uc18c
    6\uc6d4 \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uc138\uc218\ub294 \uc2e4\uc9c8 \uae30\uc900\uc73c\ub85c \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 8% \uac10\uc18c\ud558\uba70 \ucd1d 20\uc870 \ud398\uc18c\ub97c \uae30\ub85d\ud588\ub2e4\uace0 \uad00\uc138\u00b7\uc138\ubb34\uccad(ARCA)\uc774 \ubc1c\ud45c\ud588\ub2e4.
    \uc774\ubc88 \uacb0\uacfc\ub85c \uad6d\uac00 \uc7ac\uc815\uc740 5\uc6d4 \ubc95\uc778\uc18c\ub4dd\uc138 \uc99d\uac00\ub85c \uc7a0\uc2dc \uc911\ub2e8\ub410\ub358 \uac10\uc18c\uc138\ub97c \ub2e4\uc2dc \uc774\uc5b4\uac00\uac8c \ub410\ub2e4.
    \uc138\uc218 \uac10\uc18c\uc758 \uac00\uc7a5 \ud070 \uc6d0\uc778\uc740 \ub300\uc678\ubb34\uc5ed \uad00\ub828 \uc138\uc785\uc758 \uae09\uac10\uc774\uc5c8\ub2e4. \uc218\ucd9c\uc138\ub294 2025\ub144 6\uc6d4\uc758 \ub192\uc740 \uae30\uc800\ud6a8\uacfc\ub85c \uc778\ud574 \uac10\uc18c\ud588\ub2e4. \ub2f9\uc2dc\uc5d0\ub294 \uc77c\ud68c\uc131\uc73c\ub85c \ub9e4\uc6b0 \ud070 \uc138\uc785\uc774 \ubc1c\uc0dd\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.
    \uc5ec\uae30\uc5d0 \ucd5c\uadfc \uc815\ubd80\uac00 \ubc00, \ub300\ub450, \uc625\uc218\uc218\uc5d0 \ub300\ud55c \uc218\ucd9c\uc138\uc728\uc744 \uc778\ud558\ud55c \uac83\ub3c4 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. \ub610\ud55c \uc218\uc785 \uc99d\uac00\uc138 \ub454\ud654\uc640 \uac1c\uc778\uc18c\ub4dd\uc138 \ubc0f \uac1c\uc778\uc7ac\uc0b0\uc138 \uc2e0\uace0\u00b7\ub0a9\ubd80 \uae30\ud55c\uc774 7\uc6d4\ub85c \uc5f0\uae30\ub41c \uc810\ub3c4 6\uc6d4 \uc138\uc218 \uac10\uc18c\ub97c \uc2ec\ud654\uc2dc\ucf30\ub2e4.<\/li>\n\n\n\n
  2. \ud658\uc728 \uc555\ub825 \uc9c0\uc18d\u2026 \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uadfc\uc811
    \uc678\ud658\uc2dc\uc7a5\uc740 \ub2ec\ub7ec \uc218\uc694\uac00 \uacc4\uc18d \uac15\uc138\ub97c \ubcf4\uc774\uba74\uc11c 3\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\ud588\ub2e4.
    \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 7\ud398\uc18c \uc624\ub978 1,489\ud398\uc18c\uc5d0 \ub9c8\uac10\ud588\ub2e4. \ud604\ubb3c\uc2dc\uc7a5 \uac70\ub798 \uaddc\ubaa8\ub294 8\uc5b5 \ub2ec\ub7ec\ub97c \ub118\uc73c\uba70 \ud65c\ubc1c\ud55c \uac70\ub798\uac00 \uc774\uc5b4\uc84c\ub2e4.
    \uc62c\ud574 \ub4e4\uc5b4 \ub3c4\ub9e4 \ud658\uc728\uc740 \ucd1d 34\ud398\uc18c \uc0c1\uc2b9\ud588\uc73c\uba70, \uc9c0\ub09c\ud574 10\uc6d4 \uae30\ub85d\ud588\ub358 \uc0ac\uc0c1 \ucd5c\uace0\uce58\uae4c\uc9c0 \ubd88\uacfc 3\ud398\uc18c\ub9cc \ub0a8\uaca8\ub450\uace0 \uc788\ub2e4.
    \ub2e4\ub9cc \ud604\uc7ac \ud658\uc728\uc740 \uc911\uc559\uc740\ud589\uc774 \uc124\uc815\ud55c \ud658\uc728 \ubc34\ub4dc \uc0c1\ub2e8\uc778 1,808.13\ud398\uc18c\ubcf4\ub2e4 21.4% \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.
    \uae08\uc735\uc2dc\uc7a5 \ud658\uc728\ub3c4 \uc0c1\uc2b9\ud588\ub2e4. CCL \ud658\uc728\uc740 0.7% \uc624\ub978 1,577\ud398\uc18c\ub97c \uae30\ub85d\ud558\uba70 \ucd5c\uadfc \uc218\uac1c\uc6d4 \uc911 \ucd5c\uace0 \uc218\uc900\uc744 \ub098\ud0c0\ub0c8\ub2e4.
    Wise Capital \ud22c\uc790\ud68c\uc0ac\uc758 \ub300\ud45c\uc774\uc790 \ud22c\uc790\uc804\ub7b5\uac00\uc778 Walter Morales\ub294 Bank Magazine \uc9c0\uc640\uc758 \uc778\ud130\ubdf0\uc5d0\uc11c \ub2e4\uc74c\uacfc \uac19\uc774 \ub9d0\ud588\ub2e4.
    “\ud658\uc728 \uc790\uccb4\uc5d0 \ub300\ud574\uc11c\ub294 \ubd80\uc815\uc801\uc73c\ub85c \ubcf4\uc9c0 \uc54a\ub294\ub2e4. \ud070 \ud3ed\uc758 \ubb34\uc5ed\ud751\uc790, \ub192\uc740 \uc678\ud658\ubcf4\uc720\uc561, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218 \ud558\ub77d\uc740 \uc62c\ud574 4\ubd84\uae30 \uc815\ubd80\uc640 \uae30\uc5c5\ub4e4\uc758 \ud574\uc678\ucc44\uad8c \ubc1c\ud589\uc744 \uac00\ub2a5\ud558\uac8c \ud560 \uac83\uc774\ub2e4. 2026\ub144 \ud658\uc728 \ubb38\uc81c\ub294 \ud06c\uac8c \uc6b0\ub824\ud558\uc9c0 \uc54a\ub294\ub2e4. \ub2e4\ub9cc 2027\ub144\uc5d0\ub294 \uc815\uce58\uc801 \uc694\uc778\uc774 \ubcc0\uc218\ub2e4. \uc9c0\ub09c\ud574 10\uc6d4 \ucd1d\uc120\uc5d0\uc11c\ub3c4 \uadf8\ub7f0 \uc77c\uc774 \uc788\uc5c8\ub358 \ub9cc\ud07c, \ub300\uc120\uc5d0\uc11c\ub3c4 \ube44\uc2b7\ud55c \uc0c1\ud669\uc774 \ubc1c\uc0dd\ud560 \uac00\ub2a5\uc131\uc744 \ubc30\uc81c\ud560 \uc218 \uc5c6\ub2e4.”<\/li>\n\n\n\n
  3. \ucc28\uc775\uc2e4\ud604 \ub9e4\ubb3c \ucd9c\ud68c\u2026 \uc8fc\uc2dd \ud558\ub77d, \uad6d\ucc44 \uacac\uc870
    \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc2dc\uc7a5\uc740 7\uc6d4 \ub4e4\uc5b4 \ucc28\uc775\uc2e4\ud604 \ub9e4\ubb3c\uc774 \ub098\uc624\uba74\uc11c \ud2b9\ud788 \uc8fc\uc2dd\uc2dc\uc7a5\uc774 \uc57d\uc138\ub97c \ubcf4\uc600\ub2e4.
    \ub274\uc695 \uc99d\uc2dc\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc740 \ucd5c\ub300 4% \ud558\ub77d\ud588\uace0, \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uad8c\uac70\ub798\uc18c\uc758 S&P \uba54\ub974\ubc1c \uc9c0\uc218\ub294 \ud398\uc18c \uae30\uc900 1.6%, \ub2ec\ub7ec \uae30\uc900 2.2% \ud558\ub77d\ud588\ub2e4.
    \ubc18\uba74 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \uac15\uc138\ub97c \uc720\uc9c0\ud588\ub2e4. \uae00\ub85c\ubc8c \uad6d\ucc44\ub294 \ub300\ubd80\ubd84 \uc0c1\uc2b9 \ub9c8\uac10\ud588\uc73c\uba70, \uc77c\ubd80 \ub2e8\uae30 Bonar \ucc44\uad8c\ub9cc \uc18c\ud3ed \ud558\ub77d\ud588\ub2e4.
    \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub294 2\ud3ec\uc778\ud2b8 \ud558\ub77d\ud55c 424bp\ub97c \uae30\ub85d\ud574 \uac70\uc758 \ubcc0\ub3d9\uc774 \uc5c6\uc5c8\ub2e4. \uadf8\ub7ec\ub098 6\uc6d4 \ud55c \ub2ec \ub3d9\uc548 13.6%, \uc62c\ud574 \ub4e4\uc5b4\uc11c\ub294 25.1% \ud558\ub77d\ud558\uba70 \ud070 \ud3ed\uc758 \uac1c\uc120\uc138\ub97c \uc720\uc9c0\ud558\uace0 \uc788\ub2e4.
    \uc774\ub294 \uad6d\uc81c \uae08\uc735\uc2dc\uc7a5\uc774 \uc5ec\uc804\ud788 \uc544\ub974\ud5e8\ud2f0\ub098\ub97c \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ud558\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.
    Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 Infobae\uc9c0 \uae30\uace0\ubb38\uc5d0\uc11c \ub2e4\uc74c\uacfc \uac19\uc774 \ud3c9\uac00\ud588\ub2e4.
    “S&P\uc640 Fitch\uc758 \uad6d\uac00\uc2e0\uc6a9\ub4f1\uae09 \uc0c1\ud5a5 \ub355\ubd84\uc5d0 6\uc6d4 \ucc44\uad8c\uc2dc\uc7a5\uc740 \ub9e4\uc6b0 \uae0d\uc815\uc801\uc778 \uc131\uacfc\ub97c \uac70\ub480\ub2e4. \ud574\uc678\ubc95 \uc801\uc6a9 \uae00\ub85c\ubc8c \uad6d\ucc44\ub294 \ud55c \ub2ec \ub3d9\uc548 4.4% \uc0c1\uc2b9\ud588\uace0, \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\ub3c4 \ud070 \ud3ed\uc73c\ub85c \ud558\ub77d\ud588\ub2e4.”<\/li>\n\n\n\n
  4. \ub18d\uc5c5 \ubd80\ubb38, 6\uc6d4 \uc678\ud654 \uc720\uc785 \uc99d\uac00\u2026 \uc0c1\ubc18\uae30 \uc804\uccb4\ub294 \uac10\uc18c
    \ub18d\uc0b0\ubb3c \uc218\ucd9c\uae30\uc5c5\ub4e4\uc740 6\uc6d4 30\uc5b5700\ub9cc \ub2ec\ub7ec\ub97c \ud658\uc804\ud574 5\uc6d4\ubcf4\ub2e4 12% \uc99d\uac00\ud588\ub2e4. \uc774\ub294 CIARA (\uc544\ub974\ud5e8\ud2f0\ub098 \uc2dd\uc6a9\uc720 \uc0b0\uc5c5\ud611\ud68c)\uc640 CEC (\uace1\ubb3c\uc218\ucd9c\uc5c5\uc790\ud611\ud68c)\uac00 \ubc1c\ud45c\ud55c \uc218\uce58\ub2e4.
    \uadf8\ub7ec\ub098 \uc9c0\ub09c\ud574 \uac19\uc740 \ub2ec\uacfc \ube44\uad50\ud558\uba74 18% \uac10\uc18c\ud55c \uc218\uc900\uc774\ub2e4.
    \uc0c1\ubc18\uae30 \uc804\uccb4 \ud658\uc804\uc561\uc740 133\uc5b57,800\ub9cc \ub2ec\ub7ec\ub85c \uc804\ub144 \ub300\ube44 13% \uac10\uc18c\ud588\ub2e4.
    \uc774\ub7ec\ud55c \uc678\ud654 \uc720\uc785\uc740 \uacf5\uc2dd \ud658\uc728 \uc548\uc815\uacfc \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uc561 \ucd95\uc801\uc5d0 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud588\ub2e4.
    \ud558\uc9c0\ub9cc \uc2dc\uc7a5\uc740 \ub300\ub450 \uc218\ud655\ucca0\uc774 \ub05d\ub098\uac00\uba74\uc11c \uacc4\uc808\uc801 \uc694\uc778\uc5d0 \ub530\ub978 \uc678\ud654 \uacf5\uae09 \uac10\uc18c\uac00 \uae08\uc735\uc2dc\uc7a5 \ud658\uc728 \uc0c1\uc2b9 \uc555\ub825\uc73c\ub85c \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc744 \uc608\uc0c1\ud558\uace0 \uc788\ub2e4.
    \ubc18\uba74 2025\/26 \ub18d\uc5c5 \uc2dc\uc98c\uc5d0\ub294 \ubc00\u00b7\uc625\uc218\uc218\u00b7\ub300\ub450 \uc0dd\uc0b0\ub7c9\uc774 \ucd1d 1\uc5b54,900\ub9cc \ud1a4\uc73c\ub85c \uc608\uc0c1\ub3fc, \uc804\ub144\ub3c4 1\uc5b51,900\ub9cc \ud1a4\uc744 \ud06c\uac8c \uc6c3\ub3cc \uac83\uc73c\ub85c \uc804\ub9dd\ub41c\ub2e4.<\/li>\n\n\n\n
  5. \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0 \uc6d0\uc720 \uc0dd\uc0b0 \ud558\ub8e8 90\ub9cc \ubc30\ub7f4 \ub3cc\ud30c \u2026 \uc5ed\uc0ac\uc801 \uae30\ub85d
    \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uc6d0\uc720 \uc0dd\uc0b0\ub7c9\uc740 5\uc6d4 \ud558\ub8e8 90\ub9cc \ubc30\ub7f4\uc744 \ucc98\uc74c\uc73c\ub85c \ub118\uc5b4\uc11c\ub294 \uc5ed\uc0ac\uc801\uc778 \uae30\ub85d\uc744 \uc138\uc6e0\ub2e4.
    \ube44\uc804\ud1b5 \uc170\uc77c \uc720\uc804\uc778 \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0\uc758 \uc0dd\uc0b0 \ud655\ub300\uc5d0 \ud798\uc785\uc5b4 \ud558\ub8e8 \ud3c9\uade0 \uc0dd\uc0b0\ub7c9\uc740 90\ub9cc3,700\ubc30\ub7f4\uc744 \uae30\ub85d\ud588\uc73c\uba70, \uc774\ub294 \uc804\ub144 \ub300\ube44 19.6% \uc99d\uac00\ud55c \uc218\uce58\ub85c 2025\ub144 10\uc6d4\uc758 \uc885\uc804 \ucd5c\uace0 \uae30\ub85d\ub3c4 \uacbd\uc2e0\ud588\ub2e4.
    \ud604\uc7ac \ubc14\uce74 \ubb34\uc5d0\ub974\ud0c0\ub294 \uc544\ub974\ud5e8\ud2f0\ub098 \uc804\uccb4 \uc6d0\uc720 \uc0dd\uc0b0\uc758 69%\ub97c \ucc28\uc9c0\ud558\uba70, \ub300\uaddc\ubaa8 \ud22c\uc790\uc640 \uc218\uc1a1 \uc778\ud504\ub77c \ud655\ucda9\uc744 \ubc14\ud0d5\uc73c\ub85c \uad6d\uac00 \uc5d0\ub108\uc9c0 \uc0b0\uc5c5\uc758 \ud575\uc2ec \ub3d9\ub825\uc73c\ub85c \uc790\ub9ac \uc7a1\uc558\ub2e4.
    \uc774\ub7ec\ud55c \uc0dd\uc0b0 \ud655\ub300\ub294 \uc218\ucd9c\uc5d0\ub3c4 \ud070 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. 5\uc6d4 \uc5f0\ub8cc\u00b7\uc5d0\ub108\uc9c0 \uc218\ucd9c\uc740 17\uc5b54,500\ub9cc \ub2ec\ub7ec\ub85c \uc804\ub144 \ub300\ube44 167% \uc99d\uac00\ud588\ub2e4.
    \uc62c\ud574 1~5\uc6d4 \ub204\uc801 \uc5d0\ub108\uc9c0 \uc218\ucd9c\uc740 61\uc5b58,200\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\uc73c\uba70, \uc0dd\uc0b0\ub7c9 \uc99d\uac00\uc640 \uad6d\uc81c \uc720\uac00(\ube0c\ub80c\ud2b8\uc720) \uac15\uc138\uac00 \uc774\ub97c \ub4b7\ubc1b\uce68\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":13106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-13370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13370"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13370\/revisions"}],"predecessor-version":[{"id":13372,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13370\/revisions\/13372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/13106"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}