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The central bank announced Wednesday (19) to have authorized the brokerage firm XP Investimentos to set up its own bank . For banking badyst Austin Raiting and Luis Miguel Santacreu, this decision should not create more competition for the sector. According to him, it does not seem that the company has to open branches across the country and offer mbadive credit.
"This will not lead to fierce competition for the big banks In the brokerage market, XP can increase its distance from the rest, which are independent because they will offer more services," he said. he declares.
Santacreu also stated that the creation of the bank should provide the company with advantages in the offering of equity and debt services, as well as credits for certain clients. "It is also unclear what will be the role of Itaú Unibanco in this new bank," he said.
A source close to XP told the Reuters news agency that with the license from British Columbia, the institution could offer loans and plan for longer-term investments. The BCB approved the purchase of part of XP by Itaú
In August BC approved the purchase of 49, 9% of the capital of XP Investimentos by Itaú Unibanco. This interest includes 30.1% of the Company's common (voting) shares. The bank will make a capital contribution of R $ 600 million and will still pay R $ 5.7 billion for this participation.
British Columbia vetoed the purchase of control for a period of eight years and, for the same period, both companies. can not buy control or participation in investment platforms.
(* With information about the Reuters Agency)
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