Finance
Argentina’s Largest Bank Wants to Sell Debt After 30-Year Hiatus
- Banco Nacion president Tillard seeking funds for loans, tech
- Privatization is on hold but lender plans to cut 1,000 jobs
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The new head of Argentina’s largest bank is embarking on a Javier Milei-style overhaul of the institution and planning its return to international capital markets for the first time in 30 years.
Longtime banking executive Daniel Tillard was appointed by Milei last December to transform Banco de la Nacion, the state-run bank that has two and a half times the assets of its next competitor in Argentina, Banco Galicia. They’re wasting no time so far.