bbva banco frances sa-adr (BFR) Details

BBVA Banco Francés S.A., together with its subsidiaries, provides various financial services to corporations, medium and small companies, and individual customers in the Republic of Argentina. The company offers checking and savings accounts, time deposits, and investment accounts. It also provides loans to the public sector, loans to local financial institutions, short-term loans to companies and overdraft lines of credit, discounted instruments, real estate mortgage loans, collateral loans, consumer loans, credit card loans, and short-term placements in foreign banks. In addition, the company offers fire, household, civil liability, theft, personal accidents, group life, and other insurance coverage products; payroll services; asset management services; and insurance advisory services to customers in the areas of coverage of risks related to life, personal accidents and home insurance, and automated teller machine (ATM) robbery insurance. Further, it provides foreign trade services, including letters of credit, collections, bank drafts, fund transfers, and foreign currency transactions; and electronic banking, ATM, self-service terminals, Internet and mobile banking, call center, and trust services. Additionally, the company engages in capital market and securities activities, principally underwriting and placement of corporate bonds, commercial paper, and equity securities; corporate advisory; and securities brokerage, as well as the rental of safety deposit boxes. It operates 273 branches comprising 244 retail branches and 29 branches specialized in small and medium enterprises segment; 11 in-company branches and 2 points of sale; and 355 ATMs. The company was formerly known as Banco Francés S.A. and changed its name to BBVA Banco Francés S.A. in October 2000. The company was founded in 1886 and is based in Buenos Aires, the Republic of Argentina. BBVA Banco Francés S.A. operates as a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.

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