Banco de la Nacion Argentina Banco Galicia BBVA Banco Frances Banco Hipotecario Banco Macro
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 November 2015, BCRA’s foreign currency reserves are estimated to be US$20.4 billion.

Banco Galicia – One of the largest private sector commercial banks in Argentina, as measured by deposits, assets and loans. As of September 30, 2015, it had ARS 134.8 billion (US$14 billion) in total assets and ARS 82.5 billion in deposits.

Banco de la Nacion Argentina – The largest bank in the country. It provides a wide range of financial services through nearly 630 branches nationwide.

Banco Macro – One of the largest private banks in Argentina by assets, deposits and loans. The Macro Group's brands are Banco Macro, Nuevo Banco Suquía, Nuevo Banco Bisel and Banco del Tucumán. As of June 30, 2016, Banco Macro had a market capitalization of US$4.3 billion.

Banco Hipotecario – The Bank's principal activity is providing mortgage and personal loans and real estate and insurance services. As of September 2015, the company had US$3.8 billion in total assets.

Banco Patagonia – an Argentine commercial bank providing financial services to individuals, corporations, SMEs, and institutional customers.

Banco Provincia (Banco de la Provincia de Buenos Aires) – The second-largest bank in the country by value of 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 established in 1886. Today, it is one of the largest banks in Argentina with total assets of ARS 110.7 billion (2015) and market capitalization of US$3.7 billion as of June 30, 2016.

BNP Paribas Argentina was founded in 1981 and is based 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 create, develop and operate credit and/or debit and/or purchase and/or 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.