razonaríamos
-we would reason
The word razonaríamos is the conditional form of razonar in the first person plural.
See the full razonar conjugation

razonar

Sin embargo, existe también una excepción que razonaríamos, y guarda relación con los créditos de renovación.
There is also, however, one exemption for which we would argue, and it relates to renovation loans.
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