trending Market Intelligence /marketintelligence/en/news-insights/trending/q_p5qr7goiks0tc1riwp5g2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Itaú Unibanco acquires 40% of Banco Itaú BMG to launch payroll loan JV

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Itaú Unibanco acquires 40% of Banco Itaú BMG to launch payroll loan JV

Itaú Unibanco Holding SA has completed its acquisition of a 40% stake in payroll lender Banco Itaú BMG Consignado SA for 1.46 billion Brazilian reais, the bank said in a statement.

The deal is part of a joint venture launched between Itaú and Banco BMG SA to offer and commercialize payroll loan services throughout Brazil.

The deal was considered a credit positive for BMG by Fitch Ratings when the purchase agreement was announced in September.

As of Dec. 27, US$1 was equivalent to 3.28 Brazilian reais.