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Banco Credicoop was established in 1979 through the merger of 44 Argentine credit unions. This was motivated largely by the adverse effect Economy Minister José Alfredo Martínez de Hoz 's Financial Entities Law of 1977 had on this sector. The policy encouraged commercial banks in Argentina to offer high-yield, exotic investments by extending ...
Cooperative banks. Cooperative banks are owned by their customers and follow the cooperative principle of one person, one vote. Co-operative banks are often regulated under both banking and cooperative legislation. They provide services such as savings and loans to non-members as well as to members, and some participate in the wholesale markets ...
The bank was commissioned in June 2012 to administer the PRO.CRE.AR initiative, a home loan program funded by the ANSES social insurance agency to make over us$4 billion available over four years for the construction of 100,000 new homes for private ownership and at relatively low interest rates and long terms (4 to 16%, with initial rates 2% ...
Banco Santander Argentina (formerly Banco Río de la Plata and then Banco Santander Río) is a commercial bank and financial services company and affiliate of the Santander, Cantabria (Spain) based Santander Group. Based in Buenos Aires, its banking operations are the third largest in Argentina, as well as the largest among all privately owned ...
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Net income. US$272.1 million (2012) [1] Total assets. US$ 12.9 billion (2012) [2] Number of employees. 5,591. Website. www .gfgsa .com. Grupo Financiero Galicia is a financial services holding company based in Buenos Aires, [3] and its banking operations are the fifth largest in Argentina, as well as the largest among all domestically-owned ...
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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 profits amounted to 1,958 million pesos (more than $650 ...
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