BTG Pactual open to 'all options' to deploy excess capital

August 10, 2016 11:13 AM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

SAO PAULO (Reuters) - Grupo BTG Pactual SA is considering all strategic options to deploy excess capital and boost shareholder returns once cash from a slew of asset sales enters the coffers of Latin America's largest independent investment bank, executives said on Wednesday.

In a conference call to discuss second-quarter results, Chief Financial Officer João Dantas said once the sale of control of Swiss private bank BSI SA and the spin-off of a commodities trading unit is finalized later this year, BTG Pactual's capital ratio will go to about 20 percent from 14 percent currently. The bank is "open to all strategic options" to use spare capital in an efficient way, he said.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment