Banco de la Nación Argentina Key Facts and Information

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From below classic styled historic building of United States National Bank with wooden doors and vintage lanterns located in Portland
Credit: pexels.com, From below classic styled historic building of United States National Bank with wooden doors and vintage lanterns located in Portland

Banco de la Nación Argentina is a state-owned bank in Argentina, established in 1891. It's one of the country's largest financial institutions.

Banco de la Nación Argentina has a long history of serving the Argentine people, with its headquarters located in Buenos Aires. The bank has undergone significant transformations over the years to meet the changing needs of its customers.

The bank offers a wide range of financial services, including personal and corporate banking, as well as investment and insurance products. Its extensive network of branches and ATMs makes it easily accessible to the public.

Today, Banco de la Nación Argentina continues to play a vital role in Argentina's financial system, providing essential banking services to individuals, businesses, and the government.

Organization

Banco de la Nación Argentina is a state-owned bank that was founded in 1891 by President Carlos Pellegrini. It was created to promote agriculture, livestock, and other activities related to the agro-export model that was emerging in Argentina at the time.

Low angle view of Banco de la Nación Argentina with flag in Concordia, Entre Rios.
Credit: pexels.com, Low angle view of Banco de la Nación Argentina with flag in Concordia, Entre Rios.

The bank was established through Law No. 2841 and began operating on December 1, 1891. It was founded due to the critical state of the Argentine financial system, with the previous National Bank having gone bankrupt in 1872.

The bank is headquartered in Buenos Aires and has a presence in several countries, including Uruguay, Chile, Bolivia, Brazil, Paraguay, the United States, China, and Spain. As of 2011, it had over 600 branches and employed 16,519 people.

Here's a brief overview of the bank's key facts:

Tipo de Entidad

The Banco de la Nación Argentina is an entity that's hard to miss, especially when you consider its massive presence in the country. It has over 600 branches not only within Argentina but also in several other countries.

Let's take a closer look at the type of entity the Banco de la Nación Argentina is. According to the article, it's an "entidad colectiva", which translates to a collective entity. This means it's a group or organization that's made up of multiple individuals or teams working together towards a common goal.

A detailed close-up of Argentinian pesos and a US dollar, showcasing currency contrast.
Credit: pexels.com, A detailed close-up of Argentinian pesos and a US dollar, showcasing currency contrast.

The Banco de la Nación Argentina is a state-owned bank, meaning it's owned and controlled by the government. This is evident from the fact that it's mentioned to be "totalmente capital estatal", or totally state capital, within the orbit of the Ministry of Economy of the Argentine Republic.

Here's a brief rundown of the types of entities that the Banco de la Nación Argentina falls under:

  • Entidad colectiva
  • Banco de la Nación Argentina

This collective entity has been serving the country for over a century, with its roots dating back to 1891 when it was founded by President Carlos Pellegrini. Today, it's one of the largest banks in Argentina, with a presence in several countries around the world.

Headquarters

The Bank of the Argentine Nation's headquarters have a fascinating history. The original building was located on the site of the Teatro Colón's first building, purchased by the national government in 1888.

In 1910, architect Adolfo Büttner remodeled the building to better suit its new role as a bank venue. This renovation was a significant improvement, but the bank's leaders had bigger plans.

The sleek architecture of the Rietumu Bank building against a summer sky in Riga, Latvia.
Credit: pexels.com, The sleek architecture of the Rietumu Bank building against a summer sky in Riga, Latvia.

The current headquarters, designed by architect Alejandro Bustillo, were built in two stages between 1940 and 1955. The new building is a stunning example of revivalist, French-influenced, Monumental Neoclassical style.

The headquarters cover a massive 100,000 square meters (1,100,000 sq ft), making them an imposing presence in the San Nicolás neighborhood of Buenos Aires. The building also houses the Alejandro Bustillo Art Gallery, established in 1971, as well as a historic and numismatic museum.

Branches

The Bank of the Argentine Nation has a significant presence across the globe. It maintained 626 branches throughout Argentina in December 2011.

Some of the selected branches of the bank include Bahía Blanca, Buenos Aires, and La Plata, Buenos Aires. These branches are strategically located to cater to the needs of the local population.

The bank also has a strong international presence, with 15 branches overseas. These branches are located in countries such as Brazil, Chile, and the United Kingdom.

Here are some of the countries where the bank has an overseas presence:

  • Bolivia
  • Brazil
  • Cayman Islands
  • Chile
  • France
  • Japan
  • Panama
  • Paraguay
  • United Kingdom
  • United States
  • Uruguay
  • Venezuela

The bank employs a large number of people across its various branches. In Argentina, it employed 16,519 people in December 2011.

Information

The European Central Bank at Dusk, Frankfurt, Germany
Credit: pexels.com, The European Central Bank at Dusk, Frankfurt, Germany

Banco de la Nación Argentina is a state-owned bank in Argentina, established in 1891, making it over 130 years old.

It has a network of over 1,700 branches across the country, providing financial services to millions of customers.

The bank's history dates back to 1891, when it was created by the Argentine government to provide financial support to the country's economy.

Banco de la Nación Argentina offers a wide range of financial products and services, including loans, deposits, and credit cards.

The bank has a significant presence in the Argentine economy, with a large portfolio of loans and investments.

In addition to its banking services, Banco de la Nación Argentina also provides financial support to small and medium-sized enterprises.

The bank's mission is to contribute to the economic development of Argentina by providing access to financial services for all citizens.

Banco de la Nación Argentina has a strong commitment to social responsibility and community development.

Verna Walter

Lead Writer

Verna Walter is a seasoned writer with a passion for finance and business. With a keen eye for detail and a knack for research, she has established herself as a trusted authority on the European financial landscape. Verna's expertise spans a wide range of topics, from the inner workings of the European Central Bank to the intricacies of the Austrian stock market.

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