Banco de la República Oriental del Uruguay

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Banco de la República Oriental del Uruguay
Type State-owned
Industry Banking
Financial services
Founded August 24, 1896 (1896-08-24)
Headquarters Montevideo, Uruguay
Area served Uruguay
Key people Julio César Porteiro,
Chairman of the Board[1]
Website bancorepublica.com.uy

Banco de la República Oriental del Uruguay (BROU) is a state-owned bank in Uruguay.

República Oriental del Uruguay, better known by its initials BROU, was founded in 1896 under the presidency of Juan Idiarte Borda. It is the most important Uruguayan bank with the largest number of customers.[2]

It plays a dominant role in lending and deposit in the Uruguayan market. It is also responsible for the collection of exportation taxes.

History[edit]

On October 22, 1896 at 10:00 a.m. the great doors of this magnificent building were opened to the public for the first time. Among hopes and fears, the first 54 employees of the bank began their first work day. The first deposit was made by the President of Uruguay, Juan Idiarte Borda.[3]

References[edit]

This article incorporates information from the equivalent article on the Spanish Wikipedia.

External links[edit]