Last €12.66 EUR
Change Today -0.175 / -1.36%
Volume 0.0
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Company Description

Contact Info

Reconquista 199

Buenos Aires, C1003ABB

Argentina

Phone: 54 11 4346 4000

Fax:

BBVA Banco Francés 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 network of branches throughout Argentina, including there are 275 branches, 245 of which are retail branches and 30 are specialized in the middle-market segment, while 7 business units grouped by industry provide personalized attention to corporate and institutional clients. The company also had 13 in-company branches and 2 points of sale complemented by other distribution channels, such as 655 automatic teller machines (ATMs), a telephone banking service, and an Internet banking service called Francés Net, as of December 2013. Through this network, the company provides attention to approximately 1,843,328 individual clients, 18,640 companies, and 834 large corporations. The company is member of Banelco S.A., a corporation owned by 7 partner banks that includes 16 participating banks, and its ATMs are part of the Banelco Network (Red Banelco). 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. The company offers various investment alternatives, such as fixed-term deposits, corporate bonds, and mutual funds. As of December 31, 2013, the company’s branch network consisted of 245 branches, of which 111 were located in properties that it owns and 134 were located in properties leased to the company. The branches are located throughout all of the 23 Argentine provinces, as well as the city of Buenos Aires. Subsidiaries and Affiliates The company conducts its securities trading operations on the Bolsa de Comercio de Buenos Aires through its brokerage affiliate, BBVA Francés Valores S.A. Banque PSA Finance formed PSA Finance Argentina Cía. Financiera S.A.’s major business is focused on granting pledge loans for the purchase of new Peugeot and Citroën vehicles, and the purchase of cars of the said brands by leasing. It also offers financing to purchase second-hand cars (for clients proposed by the official concessionaries networks), as well as other financial products and services linked to the purchase, maintenance, and insurance of vehicles. BBVA Consolidar Seguros S.A. operates in fire, mixed family and comprehensive insurance, civil liability, theft, personal accidents, umbrella life, and other insurance risks. 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.

 

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Industry Analysis

BFP

Industry Average

Valuation BFP Industry Range
Price/Earnings 9.8x
Price/Sales 3.2x
Price/Book 3.4x
Price/Cash Flow 9.8x
TEV/Sales 1.4x
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