Banco do Brasil S.A. (BOVESPA:BBAS3) continues with its plans to sell a portion of its 59% stake in Argentine lender Banco Patagonia S.A. (BASE:BPAT) but Argentina's currency crisis could delay the sale. The Chief Executive Officer, Paulo Caffarelli told a press conference, responding to a question from BNamericas, “We have no plans to sell Patagonia's control, our intention is to sell a portion of our shares, keeping our controlling stake. We are happy with the performance of the bank”.

Pulo Caffarelli, did not give any timetable information regarding the sale.