November 1, 2008
As the largest listed bank in Argentina, Santander is number one in terms of loans to private sector, up 2.65% in the last 36 months , in addition to leading in private deposits, mutual funds, credit card loans and net fee income. Only the two public banks, Banco de la Nación and Banco de la Provincia, are larger. Santander Río has been doing very well and I think it is the best run bank in Argentina, as it is the most retail focused, says Santiago Gallo, an analyst at Fitch.In June, the banks deposits exceeded 14 billion pesos, a leap of 9% over 2007. During the past three years, Santanders loan portfolio has also displayed the highest organic growth of any
Positioned to Survive
Santander Río, Argentina’s leading bank in terms of number of clients after the two public ones, is one of the most profitable financial institutions in the country. All banks in Argentina had their reputations tarnished during the 2001 economic crisis but Santander Río has one of the best images locally.