Profile: BBVA Banco Frances SA (BFR)
20 Jan 2017
BBVA Banco Frances S.A. (the Bank), incorporated on December 6, 1886, is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina. As part of its business, the Bank conducts capital markets and securities operations directly in the over-the-counter market and indirectly in Bolsa de Comercio de Buenos Aires (BCBA). The Bank has approximately 285 attention-to-clients units, 251 of which are retail branches and 34 are specialized in the middle-market segment and institutions, while corporate banking is divided by industry, such as consumer, heavy industries and energy. It also has over 14 in-company branches, one point of sale outlet and one point of express attention, approximately 694 automated teller machines (ATMs) and over 797 self-service terminals (ATS), a telephone banking service, an Internet banking service called Frances Net, and an application for smartphones.
The Bank's business lines include Retail Banking, Enterprise Banking, and Corporate and Investment Banking. Enterprise Banking offers both short- and long-term financing. The Corporate and Investment Banking business line is concerned with foreign trade transactions, and advice in mergers and acquisitions and in capital market transactions. The Bank is focused on the brokering business, primarily in the private sector. It offers various investment options for each client, such as fixed-term deposits and mutual funds. Its LANPASS Advanced Fixed-Term Deposit offers clients with local area network (LAN) frequent-flyer miles (LANPASS KMs) instead of a fixed interest rate. It also provides advisory services to its clients for the selection of coverage of risks related to life, personal accidents, and home and ATM robbery, within a range of products offered by certain insurance companies. Its deposits include non-interest-bearing demand deposits, saving accounts and time deposits.
BBVA Banco Frances SA
BUENOS AIRES C1003ABB