Nuevo Banco Bisel On The Block

Argentine Nuevo Banco Bisel, under administration by state-run Banco Nación since 2002, is to be put on the block next week. Shares of the Rosario-based bank will be up for sale with the closing date for offers set at March 27. This is the third time Banco Nación has tried to sell Banco Bisel, formerly a subsidiary of French bank Crédit Agricole. The first attempt was in 2003, the second earlier this year. Interested parties include local banks Banco Patagonia, Nuevo Banco de Santa Fe, Banco de Santiago del Estero. Banco Bisel is the country’s 19th largest bank in terms of deposits.