The Top 10 Largest Banks in Argentina: A Comprehensive Guide
As a South American country with a population of over 44 million people, Argentina has a diverse and dynamic banking industry. From traditional banks to digital-only platforms, there are many options available for consumers and businesses looking for financial services. In this article, we'll take a look at the 10 largest banks in Argentina by total assets, as of 2021. We'll provide an overview of each bank, including its history, services offered, and key financial metrics. By the end of this article, you'll have a clear understanding of the major players in Argentina's banking industry.
- Banco de la Nación Argentina (BNA)
Established in 1891, Banco de la Nación Argentina (BNA) is the oldest and largest public bank in Argentina. As of 2021, BNA had total assets of over $69 billion and served more than 10 million customers through its network of branches and ATMs. BNA offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. The bank also has a strong presence in the agricultural sector, with specialized financing options for farmers and agribusinesses.
- Banco Santander Río S.A.
Founded in 1857, Banco Santander Río S.A. is a leading private bank in Argentina with total assets of over $58 billion. As a subsidiary of Spain's Banco Santander, Santander Río has a strong international presence and offers a wide range of financial products and services to consumers and businesses. In addition to traditional banking services, Santander Río also has a strong presence in the insurance and investment sectors.
- Banco Macro S.A.
Founded in 1985, Banco Macro S.A. is a leading private bank in Argentina with total assets of over $34 billion. Banco Macro offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. The bank has a strong presence in the retail sector, with a network of branches and ATMs across the country. Banco Macro also has a strong focus on corporate and institutional banking, with specialized services for large businesses and government entities.
- Banco Patagonia S.A.
Established in 1877, Banco Patagonia S.A. is a leading private bank in Argentina with total assets of over $24 billion. Banco Patagonia offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. The bank has a strong presence in the retail sector, with a network of branches and ATMs across the country. Banco Patagonia also has a strong focus on corporate and institutional banking, with specialized services for large businesses and government entities.
- Banco Comafi S.A.
Founded in 1980, Banco Comafi S.A. is a leading private bank in Argentina with total assets of over $22 billion. Banco Comafi offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. The bank has a strong presence in the retail sector, with a network of branches and ATMs across the country. Banco Comafi also has a strong focus on corporate and institutional banking, with specialized services for large businesses and government entities.
- Banco Galicia S.A.
Established in 1905, Banco Galicia S.A. is a leading private bank in Argentina with total assets of over $20 billion. Banco Galicia offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. The bank has a strong presence in the retail sector, with a network of branches and ATMs across the country. Banco Galicia also has a strong focus on corporate and institutional banking, with specialized services for large businesses and government entities. In addition to its operations in Argentina, Banco Galicia has a presence in other countries in South America, including Chile and Uruguay.
- Banco de Inversión y Comercio Exterior S.A. (BICE)
Founded in 1993, Banco de Inversión y Comercio Exterior S.A. (BICE) is a private bank in Argentina with total assets of over $10 billion. BICE specializes in providing financial services to companies engaged in international trade and investment. The bank offers a range of products and services, including checking and savings accounts, loans, credit cards, and investment products. BICE also has a strong presence in the corporate and institutional banking sector, with specialized services for large businesses and government entities.
- Banco de Servicios y Transacciones S.A. (BANSEFI)
Established in 1998, Banco de Servicios y Transacciones S.A. (BANSEFI) is a private bank in Argentina with total assets of over $9 billion. BANSEFI focuses on providing financial services to small and medium-sized enterprises (SMEs) and individual customers. The bank offers a range of products and services, including checking and savings accounts, loans, credit cards, and investment products. BANSEFI also has a strong presence in the corporate and institutional banking sector, with specialized services for large businesses and government entities.
- Banco de Valores S.A.
Founded in 1991, Banco de Valores S.A. is a private bank in Argentina with total assets of over $8 billion. Banco de Valores specializes in providing financial services to the securities and capital markets. The bank offers a range of products and services, including checking and savings accounts, loans, credit cards, and investment products. Banco de Valores also has a strong presence in the corporate and institutional banking sector, with specialized services for large businesses and government entities.
- Banco de la República Oriental del Uruguay (BROU)
Established in 1828, Banco de la República Oriental del Uruguay (BROU) is a public bank in Argentina with total assets of over $7 billion. As a subsidiary of Uruguay's central bank, BROU has a strong international presence and offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment products. BROU also has a strong presence in the agricultural sector, with specialized financing options for farmers and agribusinesses.
Conclusion: Argentina's Banks differ from each other
In conclusion, the 10 largest banks in Argentina are a diverse group of financial institutions that offer a range of products and services to consumers and businesses. From traditional banks to digital-only platforms, there are many options available for those looking for financial services in Argentina. By understanding the major players in the country's banking industry, you'll be able to make more informed decisions about your financial needs.
