Banco de la Nacion | Banco Galicia | BBVA Banco Fr. | Banco Hipotecario | Banco Macro |
Central Bank of Argentina (BCRA) was established on May 28, 1935 and replaced the country’s Currency Board. The purpose of the Central Bank is to promote monetary and financial stability, and economic development with social equality. As of March 2017, Argentina's foreign-exchange reserves are estimated to be US$52 billion.
Banco Galicia – One of the largest private sector commercial banks in Argentina, as measured by deposits, assets and loans. As of March 2017, the Group had US$17 billion in total assets and US$9.5 billion in deposits and US$10.3 billion in loans.
Banco de la Nacion Argentina – The largest bank in the country providing a wide range of financial services through approximately 630 branches, 60 operative offices and over 2,000 ATMs nationwide.
Banco Macro – One of the largest private banks in Argentina by assets, deposits and loans. It operates about 450 branches and over 1,400 ATMs across the country. As of May 17, 2018, Banco Macro had a market capitalization of US$5.5 billion.
Banco Hipotecario – The leading provider of mortgage services in Argentina. As of March 2017, the company had US$3.6 billion in total assets.
Banco Patagonia – A commercial bank providing financial services to individuals, corporations, SMEs, and institutional customers.
Banco Provincia (Banco de la Provincia de Buenos Aires) – The third-largest bank in the country by total assets and deposits, with a 9% market share.
Banco Santander Río (formerly Banco Río de la Plata) – The leading private sector bank with market share of 9.2% in lending and 9.5% in deposits. Santander Río was named the Best Bank in Argentina by Euromoney and the Best Online Bank by Global Finance.
Banco Suquia belongs to Grupo Macro. Banco Suquia was established in 1961 and merged with Banco Macro in 2007.
BBVA Banco Frances – The oldest private bank in Argentina founded in 1886. Today, it is one of the largest banks in Argentina with total assets of US$12 billion and market capitalization of US$3.4 billion as of May 2017.
BNP Paribas Argentina was founded in 1981 and is headquartered in Buenos Aires. It operates as a subsidiary of the France-based BNP Paribas. It offers corporate and retail banking, insurance and investment services.
HSBC Bank Argentina – One of the ten largest banks in the country. It provides a complete range of banking products and financial services through a network of over 140 branches across Argentina.
Nuevo Banco Bisel – A subsidiary of Banco Macro.
Standard Bank Argentina (SBA) was a subsidiary of Standard Bank Group, South Africa. SBA was acquired by Industrial and Commercial Bank of China (ICBC) in 2011. Standard Bank established its operations in Argentina in 1998 primarily to service corporate clients.
Tarjeta Naranja – The leading credit card issuer in Argentina. The company’s main business is to develop and operate credit, debit, purchase and similar card systems.
Top Banks in Argentina
Rank | Bank | Total assets, US$b | Balance sheet |
1 | Banco de la Nacion Argentina | 31.315 | 31.03.2016 |
2 | Banco Galicia | 13.245 | 30.06.2016 |
3 | Banco Provincia | 12.884 | 30.06.2016 |
4 | Banco Santander Río | 11.037 | 30.06.2016 |
5 | BBVA Banco Frances | 8.798 | 30.06.2016 |
6 | Banco Macro | 8.557 | 30.06.2016 |
7 | Banco Ciudad | 4.785 | 30.06.2016 |
8 | HSBC Bank Argentina | 4.726 | 30.06.2016 |
9 | Banco Credicoop | 4.461 | 31.03.2016 |
10 | Banco de San Juan | 4.427 | 31.03.2016 |
11 | Banco Patagonia | 4.137 | 30.06.2016 |
12 | Citibank, N.A. (Argentina Branch) | 4.111 | 31.03.2016 |
13 | ICBC (Argentina) | 4.015 | 30.06.2016 |
14 | Banco de Cordoba (Bancor) | 2.719 | 30.06.2016 |
15 | Banco Hipotecario | 2.710 | 30.06.2016 |
16 | Banco Supervielle | 2.477 | 30.06.2016 |
17 | Banco de Santa Fe | 2.265 | 30.06.2016 |
18 | Banco Itaú Argentina | 1.534 | 31.03.2016 |
The exchange rate on June 30, 2016.