Banco de la Nación Argentina

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Bank of the Argentine Nation
Native name Banco de la Nación Argentina
Type State enterprise
Founded 1891 (1891)
Founder(s) Carlos Pellegrini
Headquarters Buenos Aires, Argentina
Number of locations
  • Domestic: 627 branches
  • Overseas: 15 branches
Area served International
Key people Juan Ignacio Forlón, President
Services
Revenue Increase US$ 5.1 billion (2010–2011)
Profit Increase US$ 1.1 billion (2010–2011)
Total assets Increase US$ 36.7 billion (2011)
Employees 16,519 (2011)
Parent Grupo Banco Nación
Website www.bna.com.ar
References: [1]

Banco de la Nación Argentina (English: Bank of the Argentine Nation) is the national bank of Argentina, and the largest in the country's banking sector.

History[edit]

The 'Banco de la Nación Argentina (better known as 'Banco Nación) was founded on October 26, 1891 at the initiative of President Carlos Pellegrini and by Law No. 2,841, commencing operations on 1 December of that year at the headquarters located in Buenos Aires.

The Bank was created because the Argentine financial system was collapsing, and then promoting agriculture was necessary, the livestock and various activities related to the model agro-export that had begun in Argentina in the late nineteenth century. The former National Bank, which had been founded by the initiative of Nicolás Avellaneda in 1872, had gone bankrupt.

The Banco de la Nacion Argentina is an independent agency of the State, budgetary and administrative autonomy. It is governed by the provisions of the Financial Institutions Act, Law No. 21,799 and other related standards. Coordinates its action with the economic and financial policy established by the National Government. Not being applicable, the rules laid down in general for the organization and functioning of the national government, including acts of which resulting limitations on the ability to act or powers under the special scheme.

Headquarters[edit]

The bank's headquarters are located in the San Nicolás neighborhood of Buenos Aires on the site of the Teatro Colón's first building, bought by the national government in 1888 and later designated as main offices of the recently founded institution. The edifice was remodeled in 1910 by architect Adolfo Büttner to better suit its new role as a bank venue.

In 1938 architect Alejandro Bustillo presented a new design for a much larger building in a revivalist, French-influenced, Monumental Neoclassical style. These new 100,000 m2 (1,100,000 sq ft) headquarters were built in two stages between 1940 and 1955.[2] This building is also home to the Alejandro Bustillo Art Gallery, established in 1971, as well as to a historic and numismatic museum.[3]

Architectural evolution of the headquarters of the Bank of the Argentine Nation

Original building of the Teatro Colón c. 1880

Adolfo Büttner's remodel in 1910

Current Neoclassical building by Alejandro Bustillo

Branches[edit]

In December 2011 the bank maintained 627 branches throughout Argentina, and 15 more overseas (Santa Cruz de la Sierra, Bolivia; Rio de Janeiro and São Paulo, Brazil; Georgetown, Cayman Islands; Santiago, Chile; Paris; Tokyo; Panama City; Asunción, Paraguay; Madrid; London; New York City and Miami; Montevideo, Uruguay; and Caracas, Venezuela),[citation needed] along with a representative office in Porto Alegre, Brazil.

Selected branches of the Bank of the Argentine Nation

Junín, Buenos Aires

Balcarce, Buenos Aires

La Plata, Buenos Aires

References[edit]

External links[edit]