Macro BMA

Banco BMA S.A.U.
FormerlyBanco Itaú Argentina
TypeSubsidiary
IndustryFinance and Insurance
FoundedNovember 4, 2023; 2 years ago (2023-11-04)
DefunctNovember 19, 2024 (2024-11-19)
FateMerged with Banco Macro
SuccessorBanco Macro
HeadquartersBuenos Aires, Argentina
ProductsBanking
Insurance
Private Bank
RevenueIncrease US$ 296.7 million (2012) [citation needed]
Increase US$ 22.4 million (2012) [citation needed]
Total assetsDecrease US$ 2.0 billion (2012)
Number of employees
1,650 [citation needed]
ParentBanco Macro
Websitewww.macrobma.com.ar (archived)

Macro BMA was an Argentine banking entity owned by Banco Macro between November 2023 and November 2024. It was a successor to the Argentine subsidiary of the Brazilian Itaú bank, created on November 4, 2023, one day after the Argentine Central Bank authorized Grupo Macro to acquire the aforementioned subsidiary. It ceased to exist on November 19, 2024, after which all of Macro BMA's customers became part of Macro.

History

Brazilian banking conglomerate Itaú Unibanco originally agreed to sell the entirety of its Argentine subsidiary (Banco Itaú Argentina) to Grupo Macro for US$50 million on August 24, 2023. However, the sale required approval from the Argentine Central Bank, which authorized the transaction on November 3 of the same year.

One day later on November 4, 2023, Banco Itaú Argentina was renamed to Macro BMA (registered as Banco BMA S.A.U). The bank existed as a separate entity from its parent for 1 year and 15 days. Macro first announced it would merge the two banks together in early September 2024, anticipating the November 19, 2024 date.

As planned, Macro BMA alongside all of its customers and their products were fully fused into Banco Macro on November 19, 2024.

References

  1. ↑ "Bancos brasileiros devem dar mais atenção para o exterior - Panorama Brasil". Archived from the original on 2012-04-01. Retrieved 2011-10-09.
  2. 1 2 3 Jueguen, Francisco (2023-11-02). "El BCRA autorizó la operación y el Banco Macro cerró la compra del Itaú por US$50 millones" [The Central Bank has authorized the transaction and Banco Macro closed the purchase of Itaú for US$50 million]. La Nación (in Spanish). Archived from the original on 2023-11-06. Retrieved 2024-11-22.
  3. 1 2 3 Clarín, Redacción (2023-11-03). "Qué pasará con los clientes del Banco Itaú tras la compra por el Banco Macro". Clarín (in Spanish). Archived from the original on 2023-11-03. Retrieved 2024-11-22.
  4. 1 2 Alburquerque, J. Antonio (2024-11-19). "A un año de la fusión con Banco Macro, Itaú sella su salida de Argentina | DF SUD" [One year after its merger with Banco Macro, Itaú completes its exit from Argentina | DF SUD]. dfsud.com (in Spanish). Archived from the original on 2024-11-19. Retrieved 2024-11-22.
  5. 1 2 3 "Macro;". Banco Macro. 2024-11-19. Archived from the original on 2024-11-22. Retrieved 2024-11-22. A partir del 19/11/2024 Macro BMA se fusionó con Banco Macro [Macro BMA fused with Banco Macro on November 19, 2024]
  6. 1 2 Reinhold, Melisa (2024-11-11). "El Banco Macro y BMA se fusionan: qué cambia para los clientes". La Nación (in Spanish). Archived from the original on 2024-11-13. Retrieved 2024-11-22.
  7. ↑ "Macro anunció la compra de Itaú en Argentina por US$ 50 millones". Perfil (in Spanish). 2023-08-24. Archived from the original on 2023-09-02. Retrieved 2024-11-22.
  8. ↑ "Banco Macro confirmó la compra de Itaú por u$s50 millones". Ámbito Financiero. Archived from the original on 2023-08-25. Retrieved 2024-11-22.
  9. ↑ "Macro BMA". Macro BMA (archived). 2024-01-27. Archived from the original on 2024-01-27. Retrieved 2024-11-23.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  10. ↑ Chandler, Sir (2024-09-07). "El Macro informó sobre la integración final de los clientes del Itaú" [Macro informed on the final integration of Itau's customers]. Sir Chandler (in Spanish). Archived from the original on 2024-09-07. Retrieved 2024-11-23.