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Banco Cetelem
Trends
- 1Revolut Gains Argentina Banking Licence via Banco Cetelem Deal●Revolut Secures Argentina Banking License with Banco Cetelem Acquisition Approval
Revolut has secured approval to operate as a bank in Argentina, with regulators clearing its acquisition of Banco Cetelem, the local lender previously owned by BNP Paribas. The move gives the UK fintech a full banking licence in one of Latin America's largest markets, deepening its push into the region alongside rivals like Nubank. Analysts see it as a major step in Revolut's global expansion beyond its European base.
- 2Argentina approves Revolut's purchase of Banco Cetelem▼Argentina clears Revolut to buy Banco Cetelem
Argentine regulators have approved Revolut's acquisition of Banco Cetelem, clearing the way for the British fintech to take over the consumer bank. The deal marks a significant step in Revolut's expansion into Latin America, giving it a local banking licence and established customer base in Argentina, one of the region's largest financial markets.
- 3Revolut Wins Central Bank Approval to Buy Argentina's Banco Cetelem▼Revolut Receives Central Bank Approval for the Acquisition of Banco Cetelem in Argentina
Revolut has received approval from Argentina's central bank to proceed with its acquisition of Banco Cetelem, the Argentine banking unit. The clearance removes a key regulatory hurdle for the fintech company's expansion into Argentina's retail banking market. The move marks a significant step in Revolut's push into Latin America, allowing it to operate through an established local bank rather than building its licence from scratch.