the brazilian bank Itau Unibanco aims to consolidate its operations in Latin America without making big acquisitions in the region, its chief executive Milton Maluhy told reporters on Friday.
The entity, the second largest bank in Latin America, may consider smaller acquisitions in the region, such as fintechs.
Still, Maluhy assured that Itaú could consider looking at Citibanamexthe retail business Citigroup in Mexicoto see your numbers when a formal sale process begins.
in January, Citi announced that it would exit its consumer banking business in Mexicoending a two-decade retail presence in the country and starting a series of announcements from potential bidders.
