| BBVA Banco Frances S.A., together with its subsidiaries, provides financial services to large corporations, medium and small companies, and individuals in the Republic of Argentina. The company's deposit products include checking accounts, savings accounts, time deposits, and investment accounts. Its loan portfolio comprises consumer financing, focusing primarily on credit cards; working capital loans and leasing, including Visa business cards; mutual funds; and mortgage loans. The company also manages payroll accounts; and offers asset management services, as well as involves in the provision of insurance advisory services to customers in the areas of coverage of risks related to life, personal accidents and home insurance, and ATM's robbery insurance, within a range of products offered by certain insurance companies. In addition, it offers foreign trade services, including letters of credit, collections, bank drafts, fund transfers, and foreign currency transactions. Further, the company provides electronic banking, automated teller machine, self-service terminal, Internet and mobile banking, call center, and trust banking services. BBVA Banco Frances S.A. also engages in capital markets and securities activities, principally underwriting and placement of corporate bonds, commercial paper, and equity securities. As of March 31, 2009, it operated a network of 270 offices, including 239 consumer branch offices, 27 branch offices specialized in the middle-market segment, 14 in-company branches, 4 branch offices for large corporate and institutional clients, and 3 points of sale. The company was formerly known as Banco Frances S.A. and changed its name to BBVA Banco Frances S.A. in October 2000. The company was founded in 1886 and is based in Buenos Aires, the Republic of Argentina. BBVA Banco Frances S.A. operates as a subsidiary of Banco Bilbao Vizcaya Argentaria S.A. |
