BBVA

An Argentine financial firm called BBVA Argentina, formerly known as BBVA Banco Francés, is the earliest private bank in Argentina, established on October 14, 1886, in Buenos Aires as Banco Francés del Ro de la Plata (French Bank of the River Plate).

In 1968, Morgan Guaranty Trust purchased a 50% stake in the bank; however, a decade later, the New York-based bank sold the majority of these shares to Alpargatas, a significant regional industrial company. The Banco Francés increased from 15 branches to 62 during the 1980s, despite the country's economic problems, and in 1986 it formed a joint venture with Bankers Trust Corporation. Alpargatas engaged in a second joint venture with Merrill Lynch in 1992 after selling its part to local entrepreneur Eduardo Constantini in 1991.

BBVA Argentina's market cap was $0.99 billion as of March 2023. By market valuation, this places BBVA Argentina as the 4621st most valuable firm in the entire world. The most recent financial reports from BBVA Argentina show that the company's current revenue (TTM) is $2.36 billion. The business generated $1.70 billion in revenue in 2021.

Founded: 14 October 1886
Headquarters: Buenos Aires, Argentina
Website: bbva.com.ar