With the approval of the BCRA, Pierpaolo Barbieri’s company became the owner of 100% of the shares of Wilobank SAU, so it will be able to offer salary and retirement payment accounts, mortgage loans and fixed terms, among other financial intermediation options.
The purchase operation of the shares of Wilobank, whose owner was Eduardo Eurnekian, founder of Corporación América and who with this step will be incorporated as a shareholder of Ualá, had been completed in April of last year but the approval of the BCRA was still pending to make it effective. .
“The acquisition of Wilobank will significantly expand the value proposition of the Ualá ecosystem, offering better credit and collection tools not only for individuals but also for entrepreneurs. It is a crucial step so that more and more people can access simpler, more accessible and transparent financial products”said Barbieri, founder and CEO of Ualá in a statement.
While Eurnekian added that “as investors and shareholders in Ualá we can continue betting on the expansion of the financial ecosystem in Argentina, in the region and in the world”.
In the next few days, the share transfer process will be completed, beginning a period of integration between both companies that will allow Ualá to expand its range of services and thus offer more and better financial solutions, the company assured.
What happened with Wilobank adds to the formalization of the agreement in November last year with the Mexican bank ABC Capital for its purchase, operation that is part of the aspirations of the Argentine firm to expand in the continent.
In addition, in January 2022, it obtained a license to operate as a Financing Company in Colombia, supervised by the Financial Superintendence and with the support of the Guarantee Fund for Financial Institutions.
The BCRA statement
Source: Ambito
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