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Brazil’s BTG Pactual to Expand Push Into Retail Banking

RIO DE JANEIRO, BRAZIL - Latin America's largest independent investment bank Banco BTG Pactual SA plans to launch products from credit cards to mortgages, as it intensifies a push into the consumer space, said Rodrigo Cury, BTG's digital retail unit head.

Cury said in an interview that the bank has started to offer checking accounts to consumers who are not already BTG clients, using its retail brand BTG+. It is also preparing to launch payroll loans, home equity and mortgages by December, Cury said.

"BTG has always planned to become a full retail bank, but brick-and-mortar branches . . .

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