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Argentine Banco de Valores to enter Merval stock exchange, plans foreign listing

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Argentine Banco de Valores to enter Merval stock exchange, plans foreign listing

Argentina's Banco de Valores SA will enter the Merval stock index next week and is also considering the possibility of trading on foreign exchanges, according to a report by El Cronista.

The value of the bank has jumped from $150 million to $400 million in about a year and is also preparing to list either in New York or London, Juan Nápoli, the bank's chairman, told the publication.

The bank is owned by Grupo Financiero Valores SA, which also owns stock exchange operator Bolsas y Mercados Argentinos SA, or BYMA.