BBVA Banco Francés
BBVA Banco Francés headquarters  

BBVA Banco Frances

BBVA Banco Francés S.A. (BBVA Francés) is an Argentina-based bank which operates as a subsidiary of Spanish 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, mortgage loans, credit and debit cards, life and general insurance, asset management, online and mobile banking and other services. With total assets of ARS 68.37 billion (US$8.41 billion) and total deposits of ARS 47.99 billion (US$5.90 billion) as of June 30, 2014, BBVA Banco Frances is one of the main providers of financial and non-financial services to the different markets’ segments. With 5,338 employees, BBVA Francés serves about 2 million retail and business customers through a network of 275 branches. The Bank has about 660 ATMs and, as a member of the Banelco cooperative network, offers access to other 4,500 ATMs across Argentina. Spain's BBVA held approximately 75.96% of BBVA Frances as of December 31, 2013.

 Financials (ARS billion)

  31/12/2013 31/12/2012 31/12/2011 31/12/2010
Total assets 58.524 44.785 39.006 32.580
Total revenue 7.067 5.057 3.771 4.029
Net income 2.024 1.264 1.006 1.198

 History

Banco Frances was founded in Buenos Aires in 1886. For almost a century it provided banking services to large companies in the country. 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 2010, BBVA owned 75.97 % of BBVA Frances’ capital stock.

Head office address:
Reconquista 199
Buenos Aires, C1003-ABB
Argentina
Phone: + 54 11 4346 4000
Fax: + 54 11 4346 4320
Website: www.bancofrances.com.ar

Ads