Banco Patagonia is a bank which serves Argentine costumers. Banco Patagonia is the sixth largest bank in Argentina. Currently, Banco Patagonia has more of 775,000 clients.
Banco Patagonia, the Argentine commercial bank, is headquartered in Buenos Aires. The company operates in the individual, as well as small and medium-sized business banking segments. Now, Banco Patagonia is owned by Banco do Brasil, the largest bank in Latin America. Banco do Brasil holds 51% of the shares of Banco Patagonia.
In 1976, Banco Patagonia was established as a brokerage house. Banco Patagonia went into the auto loan sector in 1987, it became a commercial bank (Banco Mildesa) in 1988. Mildes grew with the 1996 acquisition of the newly-privatized Banco de Río Negro, and was renamed after the latter province's region of Patagonia, in 2000.
In 2003, Patagonia acquired the insolvent Banco Sudameris (whose portfolio included the Caja de Ahorro, the nation's largest savings and loan). Banco Patagonia was absorbing Lloyds TSB Bank's Argentine operations in 2004. Then, Banco Patagonia grew to become one of the 15 largest banks in Argentina, and has branches in Brazil and Uruguay. Banco Patagonia is listed in the Buenos Aires Stock Exchange and the BM&F Bovespa, in São Paulo.
For more information about the bank and its service, you can visit www.bancopatagonia.com.
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