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Banco de la República Oriental del Uruguay

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Banco de la República Oriental del Uruguay
Company typeState-owned
IndustryBanking
Financial services
FoundedAugust 24, 1896 (1896-08-24)
HeadquartersMontevideo, Uruguay
Area served
Uruguay
Key people
Salvador Ferrer (chairman, since 2020)
Websitebancorepublica.com.uy

Banco de la República Oriental del Uruguay (also known as Banco República or BROU) is a state-owned bank in Uruguay, founded in 1896 under the presidency of Juan Idiarte Borda. It is the most important Uruguayan bank with the largest number of customers.[1]

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

History

On October 22, 1896 at 10:00 a.m. the bank opened its doors for the first time with 54 employees. The first deposit was made by the President of Uruguay, Juan Idiarte Borda.[2] [citation needed]

References

  1. ^ "History of BROU" (in Spanish). Retrieved 2012-04-30.
  2. ^ "Archived copy". Archived from the original on 2016-03-04. Retrieved 2019-06-02.{{cite web}}: CS1 maint: archived copy as title (link)
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