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BBVA Argentina

Argentine bank

Summary

Argentine bank

Field	Value
name	Banco BBVA Argentina S.A.
logo	BBVA logo 2025.svg
logo_size	200
image	BBVA Banco Francés (casa matriz) II.JPG
image_caption	Bank headquarters in Buenos Aires
type	Sociedad Anónima
traded_as
MERVAL component
foundation
location	Buenos Aires, Argentina
key_people	Jorge Carlos Bledel (CEO)
num_employees	6,009 (2023)
industry	Financial services
products	Banking, Insurance
parent	Banco Bilbao Vizcaya Argentaria
homepage
revenue	US$ 4.19 billion (2024)
net_income	US$ 346.7 million (2024)
assets	US$ 14.2 billion (2024)

MERVAL component BBVA Argentina, formerly BBVA Banco Francés, is a financial institution in Argentina.

History

Founded on 14 October 1886, in Buenos Aires as Banco Francés del Río de la Plata (), it is the oldest private bank in Argentina. Its Beaux-Arts headquarters, designed by Jorge Bunge, were inaugurated in 1926.

Morgan Guaranty Trust acquired a 50% share in the bank in 1968, though the New York-based bank sold most of these to Alpargatas, a leading local industrial firm, a decade later.

Despite the nation's economic woes during the 1980s, the Banco Francés expanded from 15 branches to 62 during the decade, and entered into a joint venture with Bankers Trust Company in 1986. Alpargatas sold its stake to local developer Eduardo Constantini in 1991, and entered into a second joint venture with Merrill Lynch in 1992.

In December 1996, Spain's Banco Bilbao Vizcaya, (now Banco Bilbao Vizcaya Argentaria), acquired the 99.9% of the common shares of Otar S.R.L., which was a major shareholder of Sud América Inversiones S.A., and holder of over 30% of the capital of Banco Francés, hence the BBVA in its name.

The bank announced in 2013 it would relocate its headquarters to the Consultatio Tower, in the Catalinas Norte office park, upon the Tower's completion in 2015. In 2017, the bank once again relocated its headquarters in the newly built Torre BBVA.

In 2019, BBVA unified its brand worldwide and BBVA Francés was renamed BBVA.

In 2023, BBVA Argentina had 243 branches (56 of them digital and 24 fully digital), 895 ATMs, and 861 ATSs across the country.

References

"Memoria Anual Reporte Integrado BBVA Argentina 2024".
"Banco Francés: historia".
(12 July 2013). "El BBVA Francés pagó $ 1.200 millones y se quedó con la nueva torre de Costantini". Cronista.
(April 17, 2017). "BBVA Tower in Buenos Aires, a digital totem powered by human energy". BBVA Argentina.
(December 24, 2019). "BBVA to unify its brand worldwide, changes its logo.". [[PR Newswire]].
"Memoria Anual. Reporte integrado Argentina 2023".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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