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Revolut Wins Central Bank Approval to Acquire Argentine Bank

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Revolut Wins Central Bank Approval to Acquire Argentine Bank

Revolut is moving ahead with the completion of its acquisition of Argentine bank Banco Cetelem Argentina S.A. after receiving approval from the Central Bank of Argentina, the company said in a Thursday (Sept. 24) press release.

Revolut is acquiring the bank from BNP Paribas Personal Finance and is building its local operations in Argentina in preparation for a future launch, according to the release.

Upon completion of the transaction, Revolut will change the name of Banco Cetelem Argentina S.A. to Revolut Bank Argentina S.A.U., the release said.

Revolut has more than 150,000 Argentine consumers on its waitlist as well as strong interest from prospective customers and commercial partners in the country, per the release.

Upon closing of the acquisition, Agustin Danza will be appointed by Revolut Bank Argentina S.A.U. as its CEO, subject to approval by the Central Bank of Argentina.

“This is an important milestone in our long-term commitment to Argentina,” Danza said of the approval announced Thursday. “Receiving approval from the Central Bank brings us one step closer to establishing our banking operations in the country, as we continue building our local capabilities and preparing to bring Revolut’s global financial platform to Argentine customers.”

Revolut operates as a fully licensed bank in the United Kingdom, Mexico, Australia and the European Economic Area; is working toward licenses in the United States, the United Arab Emirates, Peru and South Africa; and plans to expand its licensed banking footprint across Latin America, according to the release.

Revolut announced in June 2025 that it was acquiring Banco Cetelem and that it planned to offer financial services tailored to the local market in Argentina.


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