April 23, 2017 11:04 PM ET

Banks

Company Overview of Compañía Financiera Argentina S.A.

Company Overview

Compañía Financiera Argentina S.A. provides a range of financial services in Argentina. The company offers accounts; personal loans; special loans for pensioners; credit and debit cards; and health, ATM and cellular theft, purchase, personal accident, home, and unemployment insurance services. It operates through a network of 94 branches. The company was founded in 1982 and is based in Buenos Aires, Argentina. Compañía Financiera Argentina S.A. operates as a subsidiary of Banco de Galicia & Buenos Aires S.A.

Av. Paseo Colón 746

Piso 4

Ciudad Autónoma De

Buenos Aires,  

Argentina

Founded in 1982

1,064 Employees

Phone:

54 30 5380 0640

Key Executives for Compañía Financiera Argentina S.A.

President
Age: 68
Financial Manager
Compensation as of Fiscal Year 2016.

Compañía Financiera Argentina S.A. Key Developments

Compañía Financiera Argentina S.A. Reports Consolidated Earnings Results for the Full Year Ended December 31, 2016

Compañía Financiera Argentina S.A. reported consolidated earnings results for the full year ended December 31, 2016. For the year, the company reported net income of ARS 343 million against ARS 127 million reported last year. Operating income was ARS 180 million against ARS 157 million reported last year. Net financial income was ARS 1,453 million against ARS 1,255 million reported last year. Return on Average Assets was 8.13% against 4.19% reported last year. Return on Average Shareholders' Equity was 37.49% against 12.23% reported last year.

Banco Galicia Seeks To Sell CFA

MBA Lazard, hired by Stanford Bank, S.A. Banco Comercial to advice the divestiture of Compañía Financiera Argentina S.A. began negotiations with prospective buyers around a price tag of $100 million to $120 million. S.A.C.I. Falabella (SNSE:FALABELLA), GALENOS Inc. and others are presenting their proposals. They have eyes in the consumer credit business.

Galicia Seeks To Sell Compañía Financiera Argentina S.A.

Banco de Galicia & Buenos Aires S.A. is seeking to sell Compañía Financiera Argentina S.A. MBA Lazard has been commissioned the sale of Compañía Financiera and the firm could be worth $100 million. Banco Comafi S.A., Bacs, Peruvian banks and Chilean investment funds are the firms interested in buying Compañía Financiera.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 30, 2017
Tarjetas del Mar S.A.
 

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