BBVA Banco Francés S.A. (BBVA Francés) is an Argentina-based bank which operates as a subsidiary of Spanish bank BBVA. It was formerly known as Banco Francés and changed its name to BBVA Banco Francés in 2000. The Bank offers savings and checking accounts, personal and business loans, mortgages, credit and debit cards, life and general insurance, asset management, online and mobile banking and other services. With total assets of ARS 90.849 billion and total deposits of ARS 63.168 billion as of September 30, 2015, BBVA Banco Frances is one of the main providers of financial and non-financial services to the different markets’ segments. The Bank has over 690 ATMs, 800 self-service terminals and, as a member of the Banelco cooperative network, offers access to other 4,500 ATMs across Argentina. With over 5,430 employees, BBVA Banco Francés serves about 2 million retail and business customers through a network of over 285 branches (251 of which are retail branches) throughout all of the 23 Argentine provinces as well as the City of Buenos Aires.
BBVA Banco Francés subsidiaries:
BBVA Francés Valores S.A. Consolidar A.F.J.P. S.A. (under liquidation) PSA Finance Argentina Cía Financiera S.A. BBVA Francés Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversión Rombo Cía. Financiera S.A. BBVA Consolidar Seguros S.A.
History Banco Frances was founded in Buenos Aires in 1886. For almost a century it provided banking services to large companies. During the 80's, the Bank expanded a network of branches across Argentina that enabled it to broaden its client base to include SMEs and individuals. In December 1996, Banco Bilbao Vizcaya S.A. (currently BBVA) acquired 99.9% of the capital stock of Otar S.R.L., majority shareholder of Sud América Inversiones which in turn owned 30% of the capital stock of Banco Frances. As of December 2013, BBVA owned 75.96 % of BBVA Banco Frances’ capital stock.
Head office address: Reconquista 199 Buenos Aires, C1003 Argentina Phone: + 54 11 4346 4000 Website: www.bbvafrances.com.ar