The bank informed the Financial Market Commission (CMF) that the Superintendency of the banks approved the operation.
One of the most important financial transactions last time was approved. And it is that Bci informed the Financial Market Commission (CMF) that today the Superintendent has authorized them to acquire the Mastercard business.
"Therefore, we agree to close the transaction, for which Walmart and Bci work together with their advisors in the usual closure documentation for this type of transaction that they are expected to subscribe as soon as possible." declared BCI to the regulator.
The operation, which costs nearly $ 150 million, will allow the Yarur-related bank to operate all the financial products and services currently offered by Walmart Chile, which also involve the issuance and operation of credit cards. Lead MasterCard, as well as advances in cash and personal insurance brokerage, among others.
This operation, announced by its general manager, Eugenio Von Chrismar, "is part of the bank's ongoing search strategy for growth opportunities at local and international level and our goal of becoming a leading credit card player in Chile." He added that "in this sense, the acquisition will allow us to double the market share of credit cards according to the defined plan."
"Financial services will enable us to reach nearly 1.5 million credit card customers, which is a great business opportunity because the means of payment will be a fundamental part of our bank's success in the coming years. in their industry and this will allow us to compete with the best international practices in this field, "Von Chrismar said.
Walmart has indicated during the process that after this sale he will focus on his country's growth plan, which includes an investment of $ 800 million for the next three years and which considers the opening of 55-60 supermarkets.