Decreditos is the leading Argentine company in financing for the purchase of used vehicles. It has a commercial network of 4,500 agencies throughout the country.
Banco Patagonia, whose majority shareholder is the Banco do Brazil group, reinforces its presence in the Argentine market, through its subsidiary GPat, Buying 51% of the capital of Decreditos, for an amount greater than US $ 10 million.
Decreditos, with more than 20 years of experience, has a commercial network of 4,500 agencies throughout the country. With a 7%market share, it is the largest non -financial loan provider nationwide.
According to Marvio Melo Freitas, president of GPAT, “this acquisition means a great growth opportunity consolidating the presence of GPat in the vehicle financing market, adding to its positioning in the 0km market the Expertise of Decreditos in the financing of used cars ”.
For Oswaldo Parré, president of Banco Patagonia, “This investment in Decreditos will allow us to grow in our customer base, by business volume, enhancing our leadership in the automotive market. As members of the Banco do Brazil group, one of the most important financial conglomerates in Latin America, we are proud to take this great step. It is the beginning of a new growth stage in Argentina, and reaffirms the decision to continue positioning us as an outstanding participant of the Argentine banking system. ”
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
