Top Banks in Argentina

An overview of Argentina's leading financial institutions

Overview of Banks in Argentina

The Central Bank of Argentina (BCRA) was established in May 1935 with the purpose of promoting monetary and financial stability in the South American country. It is the implementing and regulatory body that controls the operation of banks in Argentina.


Top Banks in Argentina


The different types of banks in Argentina are:


1. Commercial banks

  • Government-owned – Federal, provincial, and municipal
  • Private local banks with Argentine capital – Cooperative banks and non-cooperative banks
  • Foreign banks – Private local banks and local branches of foreign banks


2. Investment banks

  • Government-owned provincial banks
  • Local banks with foreign capital


3. Mortgage banks

4. Development banks

5. Savings banks


According to Moody’s, in April 2021, the outlook for Argentina’s banking system has changed from negative to stable due to the banks’ relatively strong fundamentals, despite increasingly challenging operating conditions and persistent macroeconomic imbalances.

For anyone considering a banking career in Argentina, this list of top banks in Argentina is a helpful guide on where to start. To learn more, see our list of financial institutions.


The Top Banks in Argentina Include:


Banco Galicia

Banco Galicia is the largest private-sector commercial bank in Argentina. Founded in 1905, the bank offers financial services to over nine million individual and corporate customers. It offers various savings accounts, personal and mortgage loans, debit and credit cards, security boxes, asset management, and investment services, as well as telephone, online, and SMS banking services.

Banco Galicia also provides car, home, life, health, personal accident, combined family, robbery and extended warranty, trade, property, retirement, and other insurance services. It operates through a network of 423 bank branches and an electronic banking center.

Net Income: ARS 22.21 billion (2020)

Total assets: ARS 947.56 billion (2020)


Banco de la Nacion Argentina (BNA)

Founded in 1891, Banco de la Nacion Argentina provides commercial banking services in the country. With around 18,000 employees, the bank is headquartered in Buenos Aires.

BNA operates about 630 branches and 2,050 ATMs nationwide, 13 overseas branches in nine countries (Bolivia, Brazil, USA, Chile, Spain, Panama, Paraguay, Uruguay, and Venezuela), as well as representative offices in Brazil, Venezuela, and China. It was established in October 1891.

Net Income: USD 408 million (2016)

Total assets: USD 31.31 billion (2016)


Banco Macro

Banco Marco received a license to operate as one of the commercial banks in Argentina in 1988. It provides various financial products and services to individuals and corporate customers in Argentina.

The bank is headquartered in Buenos Aires and currently employs around 8,500 individuals. It operates through a network of 463 branches, 1,578 ATMs, 960 self-service terminals, and service points. The company was incorporated in 1966.

Net Income: ARS 30.27 billion (2020)

Total assets: ARS 765.8 billion (3/2021)


Banco Hipotecario

Established in 1886, Banco Hipotecario offers banking and related financial services to individuals, small and medium enterprises, and corporations in Argentina. Headquartered in Buenos Aires, the bank focuses on real estate lending. It currently employs around 1,605 staff.

Net Income: ARS 916.5 million (2020)

Total assets: ARS 141.4 billion (3/2021)


Banco Patagonia

Banco Patagonia was incorporated in 1976. The bank operates a network of 179 branches, 17 client service centers, and four agencies, as well as 568 ATMs and 357 self-service terminals. It is headquartered in Buenos Aires, with around 3,200 employees.

Net Income: ARS 10.48 billion (2020)

Total assets: ARS 301.2 billion (2020)


Banco de la Provincia

Incorporated in 1822, Banco de la Provincia operates as a public bank. Headquartered in Buenos Aires, Banco Provincia is one of the top five banks in Argentina. It offers current and savings accounts, loans, credit and debit cards, investments, mutual funds, lines of credit, foreign trade, SME banking, agricultural banking, and other services.

The bank currently employs around 10,500 individuals and operates through a network of 400 branches.

Net Income: ARS 7.59 billion (2019)

Total assets: ARS 931.7 billion (9/2020)


Banco Santander Rio

Incorporated in 1886, Banco Santander Rio is indirectly controlled by Banco Santander SA. The bank provides various financial products and services to individual and business customers, as well as small and medium-sized enterprises in Argentina. It also offers life and casualty insurance products. The bank owns several subsidiaries, including Santander Rio Valores SA.

Formerly known as Banco Rio de la Plata, Banco Santander Rio is headquartered in Buenos Aires. It operates 464 branches and employs around 7,900 staff.

Net Income: ARS 30.27 billion (2020)

Total assets: ARS 765.8 billion (3/2021)


BNP Paribas

Founded in 1981, BNP Paribas is a subsidiary of BNP Paribas SA. The bank provides corporate and investment banking, asset management, retail banking, and security and insurance services. With around 9,500 employees and 17 branches, the company is headquartered in Buenos Aires.



HSBC Bank Argentina S.A. was established in 1903. The bank accepts savings and time deposit accounts and offers personal and secured loans. It is a subsidiary of HSBC Argentina Holdings S.A. It serves 1.2 million customers and employs around 4,500 staff.

Net Income: ARS 12.23 billion (2019)

Total assets: ARS 373.9 billion (9/2020)



Industrial and Commercial Bank of China (Argentina) S.A. is a subsidiary of the Industrial and Commercial Bank of China Limited. Founded in 1984, the bank is headquartered in Buenos Aires, Argentina. It provides various financial products and services in Argentina and China and operates a network of 104 branches.

The company acquired an 80% shareholding in Standard Bank Argentina in November 2012 and officially changed its name to the Industrial and Commercial Bank of China (Argentina) Limited (“ICBC Argentina”) in April 2013. It employs around 3,600 individuals and is the only Chinese bank in Argentina.

Net Income: ARS 5.90 billion (2020)

Total assets: ARS 354.7 billion (2020)


Careers in Investment Banking

To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map:investment banking careers For banking careers, you will gain a significant edge over the competition with our financial modeling courses.


Additional Resources

This has been CFI’s guide to the top banks in Argentina. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

  • Top Banks in the USA
  • Top 100 Investment Banks
  • Investment Banking Interview Questions
  • Financial Modeling and Valuation Analyst (FMVA) Designation

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