Bank of the City of Buenos Aires

Banco Ciudad
Company typePublic bank
Founded23 May 1878; 146 years ago (1878-05-23)
HeadquartersBuenos Aires, Argentina
Key people
Guillermo Laje (president)
Fernando Jorge Elías (vice president)
ProductsRetail Banking
Business finance
Trade finance
Factoring
Mutual funds
Pension funds
Insurance
Mortgages
Consumer Finance
Credit cards
RevenueIncreaseUS$ 600 million (2011)[1]
Increase US$190 million (2011)[1]
Total assetsIncrease US$4.5 billion (4/2011)[2]
Number of employees
3,150 (2/2010)[2]
Websitewww.bancociudad.com.ar
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The Bank of the City of Buenos Aires (Banco Ciudad de Buenos Aires), doing business as Banco Ciudad, is a publicly owned, municipal commercial bank in Buenos Aires, Argentina. It was founded on May 23, 1878, under the name Monte de Piedad (Piety Mount), with the purpose of fighting usury in the city (mostly targeting the growing wave of immigration in Argentina) by giving loans at a below-market interest, in order to reduce social inequalities.

  1. ^ a b "Estados Contables" (PDF). Banco Ciudad. Archived from the original (PDF) on July 5, 2014. Retrieved January 17, 2012.
  2. ^ a b Cite error: The named reference aba was invoked but never defined (see the help page).

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