Best Bank Argentina: Banking the Provinces

Best Bank Argentina: Banking the Provinces

M&A

Securing state bank mandates, which give Macro large, captive employee and pensioner clients in some of the country's most populous provinces outside of Buenos Aires has been a major boon. Macro has 413 branches in Argentina with $7 billion in total assets. Some 82% of those are located in the so-called interior provinces, compared to 60% for Banco de la Nación and 32% for Santander Río."Our main strategy has been to bank SMEs in the interior of the country," says Jorge Horacio Brito, CEO of Banco Macro. He adds that in the year to October, Macro has been particularly focused on lending to the agro-industrial sector. "This is a very dynamic sector and it will keep growing," he says

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