BBVA BANCO FRANCES SA
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BBVA Banco Frances S.A. provides financial services to corporations and individuals in Argentina. The company offers deposit products, such as current accounts, sight accounts, savings accounts, time deposits, and Cedros. It also offers investment banking products, such as trustees; international banking services, including foreign trade services, such as letters of credit, collections, bank drafts, fund transfers, and foreign currency transactions; and capital market transactions, such as stock exchange brokerage. The company also provides short and medium-term financing, such as overdrafts on demand accounts, personal and mortgage loans, car financing, and credit card financing, as well as offers notes discounted and working capital financing. It also manages pension and retirement funds; provides insurance and insurance advisory services; and offers telephone banking and Internet banking services. The company invests in the securities issued by the Argentine and other governments, and private issuers. As of December 31, 2004, it operated a network of 227 branches and 512 automatic teller machines in 23 provinces of Argentina, as well as in the city of Buenos Aires. The company was founded in 1886. It was formerly known as Banco Frances del Rio de la Plata S.A. and changed its name to BBVA Banco Frances S.A. in 2000. The company is based in Buenos Aires, Argentina. BBVA Banco Frances S.A. is a majority owned subsidiary of Banco Bilbao Vizcaya Argentaria S.A.