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• Argentina introduces banking interest rate cap

  Filed under  Banking  |  Published on  11/Jun/2014  |  Written by  Kieran Lonergan

  The Argentine government has introduced a cap on interest rates for personal loans and car financing, as well as the need for authorization from the central bank to raise commission prices. The cen...

  Related Topics: Argentina , Banking
• JPMorgan cautious on Argentine banks

  Filed under  Banking  |  Published on  11/Jun/2014  |  Written by  Kieran Lonergan

  JPMorgan remains cautious on Argentine banks due to ongoing structural problems with the economy, despite renewed market confidence in local lenders. Market perception of country risk has declined ...

  Related Topics: Argentina , Banking
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• Argentine bank Macro to resume dividend payments

  Filed under  Banking  |  Published on  30/Apr/2014  |  Written by  Kieran Lonergan

  Argentine lender Banco Macro (NYSE: BMA) has agreed to pay a cash dividend of 596bn pesos (US$74.5bn) based on earnings from 2010 and 2011, after surpassing minimum regulatory capital ratios set by th...

  Related Topics: Argentina , Banking
• Moody's downgrades Argentine banks

  Filed under  Banking  |  Published on  20/Mar/2014  |  Written by  Patricia  Guerra

  Moody's Investors Service has downgraded various ratings of Argentine banks and financial institutions, concluding a previous review for downgrade of 16 ratings and following the downgrade of the Arge...

  Related Topics: Argentina , Banking
• Moody's downgrades several Argentine banks

  Filed under  Banking  |  Published on  21/Feb/2014  |  Written by  Patricia  Guerra

  Moody's has downgraded the ratings of several Argentine banks due to their exposure to the unsecured consumer segment in a deteriorating macroeconomic environment, the ratings agency said in a release...

  Related Topics: Argentina , Banking
• Banco Macro's 2013 earnings up 64%

  Filed under  Banking  |  Published on  20/Feb/2014  |  Written by  Patricia  Guerra

  Argentine lender Banco Macro (NYSE: BMA) posted net income of 2.44bn pesos (US$313mn) in 2013, up 63.6% compared to the same year-ago period, according to the bank's latest earnings release. Banco ...

  Related Topics: Argentina , Banking
• Visa Argentina and Banelco to collaborate on e-payment expansion

  Filed under  Info. Technology  |  Published on  30/Dec/2013  |  Written by  Zachary Volkert

  Visa Argentina and Argentine ATM network Banelco have entered into a strategic collaboration focused on the expansion of electronic payments, according to local press. Shareholders - of around 15 b...

  Related Topics: Argentina , Info. Technology
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• Visa Argentina and Banelco to collaborate on e-payment expansion

  Filed under  Banking  |  Published on  30/Dec/2013  |  Written by  Zachary Volkert

  Visa Argentina and Argentine ATM network Banelco have entered into a strategic collaboration focused on the expansion of electronic payments, according to local press. Shareholders - of around 15 b...

  Related Topics: Argentina , Banking
• Banco Macro's Q3 earnings up 38.8%

  Filed under  Banking  |  Published on  11/Nov/2013  |  Written by  Patricia  Guerra

  Argentine lender Banco Macro (NYSE: BMA) posted net income of 572mn pesos (US$95.9mn) in 3Q13, up 38.8% compared to the same year-ago period, according to the bank's latest earnings release. Qu...

  Related Topics: Argentina , Banking
• Argentina's Grupo Galicia posts higher than expected profits in Q3

  Filed under  Banking  |  Published on  08/Nov/2013  |  Written by  Jorge Porter

  Argentine financial group Grupo Galicia (Nasdaq: GGAL) posted higher than expected net income of 536mn pesos (US$89.9mn) in 3Q13, up 54% compared to the year-ago quarter, thanks to higher than forecas...

  Related Topics: Argentina , Banking
• Argentine lender Banco Macro posts Q2 earnings in line with estimates

  Filed under  Banking  |  Published on  09/Aug/2013  |  Written by  Jorge Porter

  Argentine bank Banco Macro (NYSE: BMA) posted a 460mn-peso (US$83mn) profit in 2Q13, up 39% compared to the same year-ago period, according to its latest earnings release. Banco Macro's earnings ca...

  Related Topics: Argentina , Banking
• Argentine lender Banco Macro posts stronger than expected Q1 earnings

  Filed under  Banking  |  Published on  09/May/2013  |  Written by  Jorge Porter

  Argentine bank Banco Macro (NYSE: BMA) posted a higher than expected 458mn-peso (US$87.8mn) profit in 1Q13, up 41% compared to the same year-ago period, according to its latest earnings release. Ba...

  Related Topics: Argentina , Banking
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• Banco Macro's Q4, 2012 profit growth surpasses 20% mark

  Filed under  Banking  |  Published on  15/Feb/2013  |  Written by  Ulric Rindebro

  Argentina's Banco Macro (NYSE: BMA) saw its fourth quarter net income jump by 23% year-on-year to 426mn pesos (US$85.1mn), the bank's financial statements show. Macro's net income rose 3% compared ...

  Related Topics: Argentina , Banking
• Latin American banks' stocks underperform global peers

  Filed under  Banking  |  Published on  04/Dec/2012  |  Written by  Jorge Porter

  While Latin American banks' stocks rose 2.5% in November, they are still underperforming their global peers on a year-to-date basis. Shares of Latin American banks have risen only 1% in January-Nov...

  Related Topics: Regional , Banking
• Argentina banks, financial institutions downgraded after cut to sovereign

  Filed under  Banking  |  Published on  03/Dec/2012  |  Written by  Peter de Montmollin

  Fitch has downgraded several Argentine banks and financial institutions following last week's cut to the country's sovereign rating. The cuts included Spanish-owned banks BBVA Banco Francés (NYSE: ...

  Related Topics: Argentina , Banking
• Felaban appoints new president, management committee

  Filed under  Banking  |  Published on  22/Nov/2012  |  Written by  Patricia  Guerra

  The Latin American banking federation Felaban has appointed Jorge Horacio Brito as its new president for the 2012-2014 term, replacing Oscar José Rivera, Felaban said in a statement. Brito is presi...

  Related Topics: Regional , Banking