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 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 December 1, 2017, Banco Macro had a market capitalization of US$6.8 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.

Citibank Argentina

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.