BBVA Banco Frances S.A. provides financial services to large corporations, medium and small companies, and individual customers. The company’s traditional commercial banking products include a range of services, such as investment banking, capital market transactions, and international banking. The company conducts capital markets and securities operations directly in the over-the-counter market and indirectly in the Buenos Aires Stock Exchange. The company has a large network of branches throughout Argentina. As of December 31, 2014 there were 282 attention-to-clients units, 251 of which are retail branches and 31 are specialized in the middle-market segment and institutions, while 7 business units grouped by industry provide personalized attention to corporate clients. The company also had 13 in-company branches and 2 points of sale complemented by other distribution channels, such as 685 automatic teller machines (ATMs), 756 self-service terminals (ATS’s), a telephone banking service and an Internet banking service called Frances Net. Through this wide network the company provides attention to approximately 1,849,111 retail clients, 19,258 companies and 820 large corporations. The company is focused on the brokering business, primarily in the private sector. It provides advisory services to its customers in the selection of the adequate coverage of risks related to life, personal accidents, as well as home and ATM robbery insurance, within a range of products offered by certain insurance companies. Additionally, as part of its overall business, the company has equity investment in an insurance company, such as 12.22% of the capital stock of BBVA Consolidar Seguros S.A., with Banco Bilbao Vizcaya Argentaria S.A. holding the remaining shares of this company. As of December 31, 2014, the company’s branch network consisted of 251 branches, of which 112 were located in properties that it owned and 139 were located in properties leased to it. The branches are located throughout all of the 23 Argentine provinces, as well as the city of Buenos Aires. Subsidiaries and Affiliates BBVA Frances Valores S.A. engages in securities trading at the Buenos Aires Stock Exchange. BBVA Frances Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversión: The corporate purpose of this mutual fund manager is to run and manage Mutual Funds in accordance with Section 3 of Law Nr. 24,083 as subsequently amended by Law Nr. 26,831. PSA Finance Argentina Compañía Financiera S.A. whose corporate purpose consists in financing the acquisition of new and second-hand Peugeot and Citroën vehicles through pledge loans, receivables from financial leases and other financial products and in supplying services associated to the purchase, maintenance and insurance coverage of motor vehicles. Rombo Compañía Financiera S.A. whose corporate purpose is to finance the acquisition of new and second-hand Renault and Nissan through pledge loans, receivables from financial leases and other financial products and in supplying services associated to the purchase, maintenance and insurance coverage of motor vehicles. BVA Consolidar Seguros S.A: This insurance carrier operates in the following lines of business: fire, comprehensive household insurance, civil liability, theft, personal accidents, group life insurance and other coverage. Regulation The company is supervised by the Central Bank of Argentina, an entity that establishes valuation and accounting criteria, the rules on liquidity and capital requirements, as well as the informative systems of Argentine financial institutions. It is also subject to inspections by the Banco Central de la República Argentina, based on which the company is assigned a ‘rating’. History The company was founded in 1886. It was incorporated in 1886. The company was formerly known as Banco Frances del Río de la Plata S.A. and changed its name to BBVA Banco Frances S.A. in 2000.
bbva banco frances sa (BDPA:Frankfurt)
Buenos Aires, 1006
|Banco Hipotecario SA||$5.39 ARS||-0.16|
|Banco Macro SA||$55.75 ARS||-2.40|
|Banco Patagonia SA||$20.80 ARS||-0.20|
|Banco Santander Rio SA||$27.80 ARS||-0.45|
|View Industry Companies|
Sponsored Financial Commentaries
To contact BBVA BANCO FRANCES SA, please visit www.bbvafrances.com.ar. Company data is provided by Capital IQ. Please use this form to report any data issues.