October 27, 2016 12:59 PM ET


Company Overview of Banco Santander Rio S.A.

Company Overview

Banco Santander Rio S.A. offers banking and financial products and services to individuals, small and medium-sized enterprises, and corporations in Argentina. It provides corporate finance, asset management, investment banking, custody, foreign trade, asset-backed financing, and other services. The company also engages in trading financial instruments in capital markets; and offers legal advisory services to various banks. In addition, it provides credit cards, export and import financing, insurance, and various accounts, as well as Internet banking services. Banco Santander Rio S.A. operates through approximately 333 branches. The company is based in Buenos Aires, Argentina. Banco Santander...

Bartolomé Mitre 480

Buenos Aires,  


7,754 Employees


54 11 4341 1000

Key Executives for Banco Santander Rio S.A.

Banco Santander Rio S.A. does not have any Key Executives recorded.

Banco Santander Rio S.A. Key Developments

Ita Unibanco Is In Negotiations To Acquire Citi`s Retail Banking Operations In Brazil

Ita Unibanco Holding S.A. (NYSE:C) is now negotiating exclusively with Citigroup Inc. (NYSE:C) for its retail operations in Brazil. Sources told local daily Estado that Banco Santander Rio S.A. appeared to be less interested in purchasing the assets now, considering the Spanish bank had not made a higher offer. Both the president of Citi in Brazil, Hlio Magalhes, and the president of Itaú Unibanco Holding S.A., Roberto Setubal, are said to be in New York negotiating the final details of the acquisition. The president of Santander, Srgio Rial, is in Madrid. Safra SA (ENXTPA:SAF), as well as some Chinese banks, participated in the previous stages of discussions surrounding the sale of the assets, but have since dropped out of the race.

Santander Rio Denies It Bought Citi's Argentina Retail Operations

Banco Santander Rio S.A. (BASE:BRIO) on September 14, 2016 denied newspaper reports that it had purchased Citigroup Inc.'s (NYSE:C) retail operations in Argentina, according to a letter from Santander to local market regulators. "Regarding certain media reports, we inform you that Banco Santander Rio S.A. has not reached any agreement to buy the retail operations of Citibank in Argentina," Santander said in a letter to the Buenos Aires Stock Exchange.

Santander Reportedly Buying Citigroup's Argentina Retail Operations

Banco Santander, S.A. (BME:SAN) will acquire retail operations in Argentina from Citigroup Inc. (NYSE:C), Reuters reported citing La Nacion, which further cited market sources. La Nacion stated the amount Banco Santander would pay was not clear, but that the operations were estimated to be worth $200 million to $300 million. Banco Santander Rio S.A. (BASE:BRIO), affiliate of Banco Santander, S.A., said it was unaware a decision had been taken. Citigroup did not immediately respond to a request for comment.

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