Itaú BBA - 1996 - EN

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1996 - EN

Historia - 1996 - Imagem01

By the mid-1990s, the bank's share of the financial market was expanding through major transactions. BBA-Creditanstalt entered a joint venture with the Capital Group of Los Angeles to constitute BBA Capital Asset Management, which at the time had US$2.1 billion in assets under management.

The bank also acquired Financiadora Mappin, which had 34 points of sale specializing in the concession of consumer credit, with a particular focus on automobile financing. BBA-Creditanstalt also opened a representative office in Buenos Aires.

At this time, the bank employed more than 300 people, plus a further 770 in its consumer credit division.

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