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.
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