Radar > 230158

Industrial & Commercial Bank of China (ICBC) studies acquisition of HSBC Argentina

Industrial & Commercial Bank of China (ICBC) estudia la compra de HSBC Argentina

Intel ID : 230158
Synopsis

Industrial & Commercial Bank of China (ICBC) (SEK:1398; SSE:601398), a China-based banking entity, is studying the acquisition of Argentina-based banking entity HSBC Argentina, reported online news portal Iprofesional on October, .

ICBC confirmed it is making progress in the negotiations to acquire HSBC Argentina, though it is expected to be a long process.

Currently, HSBC has 4,100 employees, 341 ATMs in Buenos Aires, and a portfolio of over 550,000 credit card holders, as well as approximately 347,000 payroll accounts.
(content in spanish)

Industrial & Commercial Bank of China (ICBC) (SEK:1398; SSE:601398), entidad bancaria con sede en China, está evaluando la adquisición de la entidad bancaria argentina HSBC Argentina, según ha publicado el portal de información online Iprofesional el 4 de octubre de 2015.

La entidad bancaria china ha ratificado que avanza en las negociaciones de la adquisición de la entidad argentina, aunque se espera que sea un camino largo de recorrer.

Actualmente, HSBC tiene 4.100 empleados, 341 cajeros en Capital Federal, y una cartera de más de 550.000 titutales de tarjetas de crédito y unas 347.000 cuentas nómina.

Intel ID 230158
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - HSBC Argentina
(30 Jun 2014)

Exchange Rate:
Date
Country
Region
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Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.