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Banco Itaú also received exclusive rights to purchase BankBoston's operations in Chile and Uruguay. In late 2006, it exercised these rights, and in late 2006 and early 2007, it received the necessary regulatory approvals. These two operations became Banco Itaú Chile and Banco Itaú Uruguay.
In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay. On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion.
Banco Bandes Uruguay S.A. Banco Itaú Uruguay S.A. Scotiabank Uruguay S.A. (ex. Nuevo Banco Comercial S.A.) Banco Santander S.A. Banco Bilbao Vizcaya Argentaria Uruguay S.A. HSBC Bank (Uruguay) S.A. Citibank N.A. Sucursal Uruguay; Banco de la Nación Argentina; Banque Heritage Uruguay
Banco da Amazônia [] (Federal Government as main shareholder); Banco de Brasília (BRB) (Federal District-owned); Banco do Estado do Espírito Santo (Banestes) (State of Espírito Santo-owned)
Banco de la República Oriental del Uruguay: 22.00 33 Banco Pichincha: 21.55 34 Banrisul: 21.50 35 BBVA Colombia 20.55 36 Promerica Financial Corp. 19.82 37 Grupo Financiero BI 19.24 38 Empresa General de Inversiones (EGI) 19.17 39 Grupo Financiero Galicia: 19.11 40 Scotiabank Perú 19.11 41 BanReservas 18.46 42 Grupo Security 17.43 43 Banco ...
In August 2006, Itaú purchased BankBoston assets in Chile and Uruguay. [10] Operations in these countries continued to use the BankBoston brand until Banco Itau completed its takeover in Chile on February 27, 2007, [11] and in Uruguay on March 23, 2007. [12]
Banred is a network of automated teller machines (ATMs) in Uruguay with over 330 locations. It used to be two separate networks, RedBanc and Bancomat, which merged in 2005. It used to be two separate networks, RedBanc and Bancomat, which merged in 2005.
The economy of Uruguay features an export-oriented agricultural sector and a well-educated workforce, along with high levels of social spending. Tourism and banking are also prominent sectors; Uruguay acts as a regional hub for international finance and tourism.