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Itaú expresses interest in Citi's LatAm ops

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Itaú expresses interest in Citi's LatAm ops

's vicepresident, Ricardo Marino, said the company is interested in 's assets in LatinAmerica, El Economista reported April7.

Marino saidthey have yet to begin negotiations with Citi, which is looking to its retail bankingoperations in several Latin American countries, including Argentina, Brazil andColombia.

Separately,Marino mentioned that Itaú will make an extraordinary provision for , formerly knownas Corpbanca, on its losses with corporate customers including PacificRubiales, Diário Comércio Indústria &Serviços reported the same day. The planned provision follows thecompletion of the merger of Corpbanca and , which took effectApril 1.