Macro BMA
 | |
 | |
| Formerly | Banco Itaú |
|---|---|
| Company type | Subsidiary |
| Industry | Finance and Insurance |
| Founded | 1995 |
| Defunct | November 19, 2024 (planned) |
| Fate | To be merged with Banco Macro on November 19, 2024 |
| Successor | Banco Macro (from November 19, 2024) |
| Headquarters | Buenos Aires, Argentina |
| Products | Banking Insurance Private Bank |
| Revenue |  US$ 296.7 million (2012) |
| US$ 22.4 million (2012) | |
| Total assets |  US$ 2.0 billion (2012)[1] |
Number of employees | 1,650 |
| Parent | Banco Macro |
| Website | www.macrobma.com.ar |
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (January 2024) |
Macro BMA, formerly known as Banco Itaú, is an Argentine banking entity owned by Banco Macro since November 2023. It was the Argentine subsidiary of the Brazilian bank Itaú Unibanco, founded in 1998 after the acquisition of Banco del Buen Ayre. Currently, the entity has 99 bank branches and 140 ATMs throughout the country, serving over 400,000 clients.[2][3][4][5]
History
[edit]It was founded in 1998 after the purchase of Banco del Buen Ayre. The bank has 99 bank branches, 140 ATMs and 400,000 customers across the country.[citation needed]
The bank is one of the largest banks in Argentina, competing with BBVA, Grupo Financiero Galicia, Banco Patagonia, among others.[citation needed]
On August 24, 2023, Banco Macro purchased this bank from its then parent Itaú Unibanco for a price of US$50 million. On November 3, 2023, the entity was renamed Macro BMA.[citation needed]
On November 19, 2024, Macro BMA will cease to exist as a separate entity from Banco Macro and all of its customers, alongside their existing accounts and products, will become part of Macro.[6][7]
References
[edit]- ^ "Bancos brasileiros devem dar mais atenção para o exterior - Panorama Brasil". Archived from the original on 2012-04-01. Retrieved 2011-10-09.
- ^ "Los 250 mayores Bancos de América Latina (1-50) - AméricaEconomía". Archived from the original on 14 December 2009.
- ^ "Itaú vende unidade da Argentina para Banco Macro por R$ 250 milhões". CNN Brasil (in Brazilian Portuguese). 2023-08-24. Retrieved 2023-08-24.
- ^ "Brazilian bank Itau to sell Argentine business to Banco Macro". Yahoo Finance. 2023-08-24. Retrieved 2023-08-24.
- ^ "Itaú sells Argentina arm to Banco Macro". Private Banker International. 2023-08-24. Retrieved 2023-08-24.
- ^ "Macro BMA y Banco Macro se fusionan | Banco Macro" [Macro BMA and Banco Macro merge]. Banco Macro (in Spanish). 2024. Retrieved 2024-09-07.
- ^ Chandler, Sir (2024-09-07). "El Macro informó sobre la integración final de los clientes del Itaú" [Macro gives information on the final integration of Itaú's customers]. Sir Chandler (in Spanish). Retrieved 2024-09-07.