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Brazil's Bradesco eyes expansion in Argentina

Banco Bradesco SA could expand its operations in Argentina in the short term as it looks to cater to the Brazilian companies present in the country, Infomoney reported, citing CEO Octavio de Lazari Jr.

"We are studying and talking with authorities in Argentina because we are thinking about a future with a slightly larger investment in the country," Lazari said, adding that the country "is the most attractive market in the region to invest in."

Bradesco is planning to grow as a commercial bank in Argentina, without acquisitions or partnerships with other institutions, the executive said.

The Brazilian bank has one branch in Argentina, located in the Puerto Madero district of Buenos Aires with 18 employees.