2023-06-06 16:00:45
He Itauthe largest private bank in Brazil and the main financial institution in South America, will leave the Argentine market.
According to the trans-Andean medium The nationthe determination has already been made.
Therefore, the bank later clarified that It is already in “preliminary” talks with Banco Macro to sell its operations in that country.
Although Itaú pointed out that a document on the subject has not yet been signed, if the deal is completed it will mean the departure of the main financial giant in the region from Argentina.
“Itaú Unibanco also informs that up to now, it has not signed a binding document in relation to this possible sale and will immediately communicate to the market any relevant information on this fact.said the statement sent to the market.
According to Itaú, Banco Macro SA is one of the main private banks in the neighboring country.
Listed on the Buenos Aires and New York stock exchanges, the entity has a wide network of branches and offers financial products and services throughout the Argentine territory, serving all segments, from individuals to large companies.
Itaú, present in 18 countries and with important operations in Chile, Colombia, Paraguay and Uruguay, it obtained a recurring net profit of 8,435 million reais (regarding 1,707 million dollars/1,562 million euros, at current exchange rates) in the first quarter of the year, an amount a 14,5% superior to that registered in the same period of 2022.
In Argentina, the banking product in the period grew by 13% compared to the immediately previous quarter, in Paraguay by 12%, in Uruguay by 11%, while in Chile it fell by 18%.
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