Macro BMA explained

Banco BMA S.A.U.
Former Name:Banco Itaú Argentina
Type:Subsidiary
Fate:Merged with Banco Macro
Successor:Banco Macro
Hq Location:Buenos Aires, Argentina
Num Employees:1,650
Parent:Banco Macro
Industry:Finance and Insurance
Products:Banking
Insurance
Private Bank
Revenue: US$ 296.7 million (2012)
Net Income: US$ 22.4 million (2012)
Assets: US$ 2.0 billion (2012)[1]
Homepage: (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.[2] [3] It ceased to exist on November 19, 2024, after which all of Macro BMA's customers became part of Macro.[4] [5] [6]

History

Brazilian banking conglomerate Itaú Unibanco originally agreed to sell the entirety of its Argentine subsidiary (Banco Itaú Argentina) to Grupo Macro for on August 24, 2023.[7] [8] 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[9]). The bank existed as a separate entity from its parent for . Macro first announced it would merge the two banks together in early September 2024, anticipating the November 19, 2024 date.[10]

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

Notes and References

  1. Web site: Bancos brasileiros devem dar mais atenção para o exterior - Panorama Brasil . 2011-10-09 . 2012-04-01 . https://web.archive.org/web/20120401001523/http://www.panoramabrasil.com.br/bancos-brasileiros-devem-da-mais-atencao-para-o-exterior-id72629.html . dead .
  2. Web site: 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$50 million . live . https://web.archive.org/web/20231106185755/https://www.lanacion.com.ar/economia/el-bcra-autorizo-hoy-la-operacion-y-el-banco-macro-cerro-la-compra-del-itau-por-us50-millones-nid02112023/ . 2023-11-06 . 2024-11-22 . . es.
  3. Web site: Clarín . Redacción . 2023-11-03 . Qué pasará con los clientes del Banco Itaú tras la compra por el Banco Macro . live . https://web.archive.org/web/20231103143613/https://www.clarin.com/economia/pasara-clientes-banco-itau-compra-banco-macro_0_iKR4iZhy3Q.html . 2023-11-03 . 2024-11-22 . . es.
  4. Web site: Alburquerque . J. Antonio . 2024-11-19 . A un año de la fusión con Banco Macro, Itaú sella su salida de Argentina DF SUD . One year after its merger with Banco Macro, Itaú completes its exit from Argentina DF SUD . live . https://web.archive.org/web/20241119123940/https://dfsud.com/america/banco-macro-finaliza-la-integracion-de-los-clientes-del-exbanco-itau-en . 2024-11-19 . 2024-11-22 . dfsud.com . es.
  5. Web site: Banco Macro . 2024-11-19 . Macro; . live . https://web.archive.org/web/20241122233708/https://internet.macrobma.com.ar/internet/sso . 2024-11-22 . 2024-11-22 . . A partir del 19/11/2024 Macro BMA se fusionó con Banco Macro . Macro BMA fused with Banco Macro on November 19, 2024.
  6. Web site: Reinhold . Melisa . 2024-11-11 . El Banco Macro y BMA se fusionan: qué cambia para los clientes . live . https://web.archive.org/web/20241113031601/https://www.lanacion.com.ar/economia/el-banco-macro-y-bma-se-fusionan-que-cambia-para-los-clientes-nid11112024/ . 2024-11-13 . 2024-11-22 . . es.
  7. Web site: 2023-08-24 . Macro anunció la compra de Itaú en Argentina por US$ 50 millones . live . https://web.archive.org/web/20230902023643/https://www.perfil.com/noticias/economia/el-banco-macro-anuncio-la-compra-de-itau-en-argentina-por-50-millones-de-dolares.phtml . 2023-09-02 . 2024-11-22 . Perfil . es.
  8. Web site: Banco Macro confirmó la compra de Itaú por u$s50 millones . live . https://web.archive.org/web/20230825104421/https://www.ambito.com/negocios/banco-macro-confirmo-la-compra-itau-us50-millones-n5803195 . 2023-08-25 . 2024-11-22 . Ámbito Financiero.
  9. Web site: 2024-01-27 . Macro BMA . 2024-11-23 . Macro BMA (archived).
  10. Web site: 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 . live . https://web.archive.org/web/20240907155802/https://www.sirchandler.com.ar/2024/09/el-macro-informo-sobre-la-integracion-final-de-los-clientes-del-itau/ . 2024-09-07 . 2024-11-23 . Sir Chandler . es.

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