Banco Patagonia has acquired a controlling stake in DeCreditos
Banco Patagonia S.A. has acquired a controlling stake in DeCreditos to expand its capabilities in the used car lending segment.
Banco Patagonia is an Argentine commercial bank headquartered in Buenos Aires, operating a network of around 200 service points across major cities and provincial capitals in Argentina. The bank serves a broad client base, including individuals, small and medium-sized enterprises (SMEs), microenterprises and large corporations. Banco Patagonia is part of Banco do Brasil.
DeCreditos is a digital platform that offers collateralized loans with a focus on simplicity and competitive financing. The company has more than 25 years of experience, works with over 4,500 partner agencies and has granted more than 200,000 loans.
Oaklins’ team in Argentina acted as the exclusive buy-side advisor to Banco Patagonia in this transaction.
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