Banco Francés Argentina

BBVA Banco Francés Argentina (https: / / www.bancofrances.com.ar) is the third largest bank in the country, with more than $ 25.891 million of assets under management and a deposit base of $ 18.027 million (as of September 30 , 2009). It has 240 retail branches across the country, 27 branches specializing in small and medium enterprises and four branches of corporate and institutional banking. It also has 4,300 employees. One of the main lines of business of the bank is wholesale banking.

Banco Francés Argentina is the oldest private bank in the country. It was founded on October 14, 1886 under the name Banco Frances del Rio de la Plata. In 1968 Morgan Guaranty Trust acquired 50% of the bank and took over its administration. This strengthened their market penetration. In 1978 Morgan Guaranty Trust sold its shares to South America Inversiones SA and to Alpargatas SA, both Argentines companies.

In the 80s, the bank expanded its branch network throughout the country; this allowed Banco Frances to get more customers. In the beginning of the 80, the customers of the bank were large companies settled in Buenos Aires, but with the branch expansion medium companies were incorporated.

In 1996, Banco Bilbao Vizcaya SA (Now Banco Bilbao Vizcaya Argentaria, "BBVA") acquired 99.90% 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. Today BBVA has 75.97% of the capital of the Bank, hence de name BBVA.

With the addition of BBVA as its main shareholder, the Bank reaffirmed its universal banking strategia.

Banco France´s headquarters is located in the city of Buenos Aires. To contact the bank, please click here https://www.bancofrances.com.ar/tlal/jsp/ar/esp/meta/menusu/contacto.jsp. You will find a list of useful telephone numbers according to your needs. For more information about the bank's products write an email to televentas@bancofrances.com.ar.