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Banco Itaú Uruguay S.A.

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Description

Banco Itaú Uruguay is the local unit of Brazil's largest private sector banking group, Itaú Unibanco. It offers products and services in financing, mortgage, foreign trade, factoring and import loans. In 2013, Itaú acquired Citi's retail banking operations in Uruguay, including credit card operations conducted under the Visa, MasterCard and Diners brand, as well as more than 15,000 clients that had bank accounts, savings and term deposits in Citi Uruguay. The bank also participates in the private pension funds business through its subsidiary Unión Capital, which was acquired in 2008 from Bank of America, Citi and Uruguay's central bank.

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