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Long a significant supplier of domestic lending in a credit-tight economy, the bank attempted—with only partial success—to revive the local credit market during the tenure of Gabriela Ciganotto, who stated the main goal of the bank in her inauguration speech in 2006 as "putting [the bank] at the service of production, especially small and medium businesses, and not of speculation."
Banking penetration remains low and banking costs high. The Argentine banking sector is currently dominated by state-owned banks, with the largest being the Banco de la Nación Argentina. In 2005, for the first time since the 2001 collapse, the banking system made a profit, according to a Central Bank report released in February 2006. The total ...
The Headquarters of the Bank of the Argentine Nation (Spanish: Casa Central del Banco de la Nación Argentina), more often referred locally as Banco Nación Casa Central, is a monumental bank building next to the Plaza de Mayo, founding site of Buenos Aires and host of major events in the history of the country.
Location of Argentina. Argentina is a federal republic in the southern half of South America. Sharing the bulk of the Southern Cone with its neighbor Chile to the west, the country is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south.
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The largest bank in Argentina by far, however, has long been the public Banco de la Nación Argentina. Not to be confused with the Central Bank, this institution now accounts for 30% of total deposits and a fifth of its loan portfolio. [95] During the 1990s, Argentina's financial system was consolidated and strengthened.
The Bank of the Province of Buenos Aires (Spanish: Banco de la Provincia de Buenos Aires), better known as Banco Provincia, is a publicly owned bank in Argentina and the second-largest in the country by value of assets and deposits.
This practice collapsed between 1980 and 1982, however, and hundreds of unregulated, non-banking financial institutions, as well as numerous banks, closed. [ 2 ] [ 3 ] Today, Banco Credicoop is Argentina's eleventh-largest bank by total assets and ninth-largest by deposits (US$2.8 billion); [ 4 ] Nearly all of this is accounted for by its over ...