Merger makes Irish-owned bank largest in Paraguay

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 71%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

A Paraguayan bank owned by Irishman Conor McEnroy has merged with another to become the biggest in the South American country.

Sudameris’s merger with Banco Regional, which is majority owned by Rabobank, “is subject to the approval of the Central Bank of Paraguay and other competent institutions”, the two banks said in a joint statement.

If it is approved, Sudameris will now become the country’s biggest bank by assets, with a total of $4.8 billion ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines