December 20, 2014 7:21 PM ET

Banks

Company Overview of Discount Bank Latin America S.A.

Company Overview

Discount Bank Latin America S.A. offers commercial banking services. The company was formerly known as Discount Bank (Overseas) Limited and changed its name to Discount Bank Latin America S.A. in 1977. Discount Bank Latin America S.A. was founded in 1958 and is based in Montevideo, Uruguay. The company operates as a subsidiary of Israel Discount Bank Ltd.

Rincón 390

Montevideo,  11000

Uruguay

Founded in 1958

Phone:

598 2 916 4848

Key Executives for Discount Bank Latin America S.A.

Discount Bank Latin America S.A. does not have any Key Executives recorded.

Discount Bank Latin America S.A. Key Developments

DSCT Halted Talks To Sell DBLA To Jaime

Israel Discount Bank Limited (TASE:DSCT) is has halted talks to sell Discount Bank Latin America S.A. (DBLA) to Jaime Gilinski. DBLA and Gilinski had been in advanced talks, while Gilinski was also trying to buy another Uruguayan bank for which he failed to receive regulatory approval. For this reason the talks were halted. However, Discount Bank has not given up the idea of selling the bank and is looking for another buyer.

Discount Bank's Latin American Unit Continues As It Rejects Offer For NY Unit

Israel Discount Bank Limited (TASE:DSCT) has confirmed that talks for the sale of Discount Bank Latin America S.A. are continuing despite the failure of negotiations over its New York unit, which were first announced in September 2013. However it confirmed in the statement that the process of considering the sale of Discount Bank Latin America, a subsidiary of IDB New York, will continue. At the start of October sources confirmed to Banco Bilbao Vizcaya Argentaria, S.A. (CATS:BBVA), The Bank of Nova Scotia (TSX:BNS) and Industrial and Commercial Bank of China Limited (SEHK:1398) had expressed interest in the Latin American unit and local press reported that a number of preliminary offers had been lodged.

Similar Private Companies By Industry

Company Name Region
Banque Sudameris Uruguay Americas
Citibank N.A. Sucursal Uruguay Americas
Banco de Montevideo S.A. Americas
Banco Bilbao Vizcaya Argentaria Uruguay S.A. Americas
Banco Galicia Uruguay S.A. Americas

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