Bloomberg News

BTG Pactual Chile Unit to Request Bank License, La Segunda Says

June 12, 2012

Celfin Capital SA, a unit of Brazil’s Banco BTG Pactual SA (BBTG11), will present a request to regulators for a bank license in Chile, Santiago-based newspaper La Segunda said, citing people with knowledge of the plan that it didn’t identify.

Celfin and BTG Pactual will offer corporate banking services and don’t plan to provide retail services, the newspaper said.

Media relations officers at Celfin didn’t immediately respond to phone calls requesting comment.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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