Argentine Macro Bansud Buys Banco de Tucumán

Macro Bansud, one of Argentina’s highest-growth private banks, has finalized the purchase of 75% of Banco de Tucumán from local Banco Comafi for $17.3 million. This is the second bank Macro Bansud has bought in the north-western province of Tucumán; a few weeks ago it took over Banco Empresario de Tucumán Cooperativo Limitado, which had suspended trading, paying $10 million.