| | Business Summary | | BBVA
Banco
Frances
S.A.,
formerly
known
as
Banco
Frances
S.A.,
is
the
fourth
largest
bank
in
Argentina
in
terms
of
deposits,
seventh
in
total
assets,
and
fifth
in
loans,
according
to
recent
statistics
published
by
the
Central
Bank.
The
Bank,
as
of
March
2000,
operated
a
banking
network
of
308
branches
throughout
Argentina,
excluding
those
of
its
subsidiaries.
The
Bank
offers
financial
services
in
Uruguay
and
the
Cayman
Islands
through
two
of
its
subsidiaries,
Banco
Frances
Uruguay,
S.A.
(99.99%
owned
by
Banco
Frances
S.A.)
and
Banco
Frances
(Cayman)
Ltd.
The
Bank
conducts
its
capital
markets
and
securities
operations
directly
in
the
over-the-counter
market.
In
addition,
through
Frances
Valores
Sociedad
de
Bolsa
S.A.,
the
Bank
conducts
such
activities
on
the
Buenos
Aires
Stock
Exchange.
The
Bank
has
a
14%
market
share
in
the
mutual
fund
portfolio
management
industry
in
Argentina. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | BBVA
Banco
Frances
S.A.
is
a
commercial
bank
which
provides
general
banking
services
to
corporate
and
retail
customers,
including
the
acceptance
of
deposits
and
granting
of
loans.
For
the
nine
months
ended
9/30/00,
interest
income
totalled
P$849.4
million.
Net
interest
income
after
loan
loss
provision
totalled
P$347.4
million.
Net
income
totalled
P$126.2
million.
Results
are
not
comparable
due
to
the
FY'99
March
income
statement
being
unavailable. Recent Earnings Announcement
For
the
3
months
ended
12/31/2000,
revenues
were
298,368;
after
tax
earnings
were
54,103. (Preliminary; reported in thousands of Argentine Peso.) | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Gervasio Collar Zabaleta | Chairman | | Antonio Jorquera Lloveras | Vice
Chairman and CEO | | Martin Zarich | CFO | | Jorge Bledel | Wholesale
Banking and Treasury | | Marcel Canestri | Private
Assets and Banking Management |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/b/bfr.gif)