banks-argentina

The 10 Largest Banks in Argentina

The Top 10 Largest Banks in Argentina: A Comprehensive Guide

Modern Skyline of Buenos AiresAs a South American country with over 44 million people, Argentina has a very developed and vibrant banking system. This is because the market has inherent traditional banks as well as digital-only platforms that are readily available to meet the needs of the consumer and business market. In this article, we are going to discuss 10 banks in Argentina based on their total assets as of 2021. We will discuss each bank, their history, services they offer, and important financial information. You will be in a position to identify the major banks in Argentina’s banking sector after reading this article.

  1. Banco de la Nación Argentina (BNA)

Banco de la Nación Argentina (BNA) was founded in 1891 and is up to this moment the biggest and the oldest state owned bank in Argentina. In 2021, BNA had over $69 billion in assets and more than 10 million customers in its portfolio through physical channels like branches and ATMs. BNA offers checking and savings accounts, loans, credit cards, and investment products. The bank also has a prominent agri-business line and offers product alternatives targeting the agricultural value chain.

  1. Banco Santander Río S.A.

Banco Santander Digital BankingBanco Santander Río S.A. is one of the biggest private banks in Argentina since its founding in 1857 and has $58 billion in assets. A foreign bank, Banco Santander, which is based in Spain, has global reach and offers banking and financial products and services to customers and firms. Besides the classic banking products, Santander Río is also active in the insurance and investment fields.

  1. Banco Macro S.A.

Banco Macro S.A. is one of the biggest private banks in Argentina and was established in 1985 with total assets of over $34 billion. Banco Macro offers banking and financial services such as checking and saving accounts, loans, credit cards and investment products. The bank has a good retail presence with a large network of branches and ATMs across the country. Banco Macro also has a good corporate and institutional banking division with products and services for big firms and government agencies.

  1. Banco Patagonia S.A.

Banco Patagonia S.A. is a private bank founded in 1877 and is one of the biggest banks in Argentina with total assets of $24 billion. Banco Patagonia provides banking and financial services such as checking and savings accounts, loans, credit cards and investment products. The bank has a strong presence in the retail segment with a large network of branches and ATMs across the country. Banco Patagonia also has a good corporate and institutional banking division with unique products and services for large firms and governments.

  1. Banco Comafi S.A.

Comafi Banco S.A. is one of the biggest private banks in Argentina and was established in 1980 with assets of over $22 billion. Banco Comami offers banking and financial services such as checking and saving accounts, loans, credit cards, and investment products. The bank has a good retail presence with a network of branches and ATMs across the country. Banco Comafi also has a good corporate and institutional banking division with products and services for big companies and governments.

  1. Banco Galicia S.A.

The history of Banco Galicia S.A. can be traced back to 1905 and it is one of the biggest private banks in Argentina with total assets of $20 billion. Banco Galicia offers checking and savings accounts, loans, credit cards, investment products and other related services. The bank has a strong retail presence with a large network of branches and ATMs across the country. Banco Galicia also has a good corporate and institutional banking division with products and services for large firms and governments. Apart from Argentina, Banco Galicia has its operations in other countries in South America such as Chile and Uruguay.

  1. Banco de Inversión y Comercio Exterior S.A. (BICE)

Banco de Inversion y Comercio Exterior S.A. (BICE) is a private bank in Argentina established in 1993 with total assets of over $10 billion. BICE provides financial services mainly to firms that are involved in trade and investment across borders. The bank offers checking and savings accounts, loans, credit cards, investment products and other services. It also has a good corporate and institutional banking division with products and services for large firms and governments.

  1. Banco de Servicios y Transacciones S.A. (BANSEFI)

BANSEFI is a private bank in Argentina established in 1998 with total assets of over $9 billion. BANSEFI was established to meet the financial needs of the SMEs and individual customers. The bank offers checking and saving accounts, loans, credit cards, investment products and other services. It also has a good corporate and institutional banking division with products and services for large firms and governments.

  1. Banco de Valores S.A.

Banco de Valores S.A. is a private bank in Argentina established in 1991 and has total assets of over $8 billion. Banco de Valores is a bank that deals with the financial services industry and security and capital markets. The bank offers checking and savings accounts, loans, credit cards, investment products and other services. It also has a good corporate and institutional banking division with products and services for large firms and governments.

  1. Banco de la República Oriental del Uruguay (BROU)

The history of the company can be traced back to 1828 and it is a state owned bank in Argentina with total assets of $7 billion – Banco de la República Oriental del Uruguay (BROU). As a subsidiary of the central bank of Uruguay, BROU is an international bank and it offers banking and financial services such as checking and saving accounts, loans, credit cards, investment products and others. It also has a good presence in the agricultural sector with products that are specific to farmers and agribusiness.

Conclusion: Argentina's Banks differ from each other

Diverse Banking Services in ArgentinaIn conclusion, the ten largest banks in Argentina are a combination of financial institutions that provide various products and services to the public and business entities. There are many choices available for financial services in Argentina, whether you are looking for a traditional bank or a digital-only platform. You will be in a better position to make the right decisions concerning your financial needs in the country’s banking sector after identifying the major players in the market.

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