Banco Macro S.A. has announced a significant move to bolster its digital banking capabilities through the acquisition of Banco Sáenz S.A. The deal, which involves acquiring 100% of Banco Sáenz’s capital stock and voting rights, is a strategic step to enhance Banco Macro’s presence in the digital financial ecosystem.
The acquisition of Banco Sáenz is a key component of Banco Macro’s broader strategy to expand its digital offerings. This move complements its recent involvement with Personal Pay, the digital wallet developed by Telecom Argentina S.A. Banco Sáenz is slated to operate as a dedicated banking platform, designed to support the growth of these digital solutions while maintaining operational agility and flexibility.
The purchase price for Banco Sáenz will be based on its shareholders’ equity, determined prior to the closing date, plus an additional US$2 million. Potential price adjustments may apply as per the agreement. This financial structure underscores Banco Macro’s commitment to integrating Banco Sáenz into its digital expansion plans.
The transaction is contingent upon receiving approval from the Central Bank of the Argentine Republic. Until this approval is granted, Banco Sáenz will continue its normal operations as an independent entity. Consequently, there will be no immediate changes for users of Personal Pay. Banco Macro has indicated that it will not provide updates on forward-looking statements related to this acquisition.
Banco Macro, a prominent player in Argentina’s banking sector, has been actively navigating a challenging economic environment. The bank recently reported its fourth-quarter 2025 earnings, which showed a recovery in profitability despite restructuring efforts. This acquisition signals a proactive approach to adapting to the evolving financial services landscape in Argentina, which is increasingly moving towards app-based and digital payment models.