name: City Bank of Buenos Aires
Bank of the City of Buenos Aires (Bank of the City of Buenos Aires) is a municipal commercial bank located in Buenos Aires, Argentina.
The City Bank of Buenos Aires was established as Monte de Piedad on May 23, 1878, and its business was mainly to provide loan services to combat usury in Buenos Aires. The City Bank of Buenos Aires became a leader in small business loans, funding public housing projects in impoverished areas.
In terms of deposits, the Bank of Buenos Aires ranks ninth in Argentina. In February 2010, bank deposits totaled US$3.6 billion (3.6% of the domestic total), total loans totaled US$2.8 billion, 61 branches and 3000 employees.
In 2011, the Bank of Buenos Aires had revenues of US$600 million, net income of US$190 million, and total assets of US$4.5 billion.
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