Banco Santander Río
 |
|
| Sociedad Anónima | |
| Traded as | : BRIO |
| Founded | 1968 |
| Headquarters | Bartolomé Mitre 480 Buenos Aires |
|
Area served
|
Argentina |
|
Key people
|
Enrique Cristofani, Chairman and CEO Guillermo Tempesta, Vice-President Gabriel Ribisich, CFO |
| Products |
Retail Banking Offshore banking Mutual funds Trade finance Insurance Mortgages Consumer Finance Credit cards |
| Revenue |
 US$ 1.3 billion (2012) |
|
US$ 427 million (2012) |
|
| Total assets |
US$ 11.6 billion (12/2012) |
|
Number of employees
|
6,485 (8/2012) |
| Parent | Santander Group |
| Website | www |
Banco Santander Río is a commercial bank and financial services company and affiliate of the Santander, Cantabria (Spain) based Santander Group. Based in Buenos Aires, its banking operations are the third largest in Argentina, as well as the largest among all privately owned banks in the country.
The Banco Río de la Plata (named for the neighboring estuary of the same name) was established on May 14, 1968, via the acquisition of the Banco del Este by Pecom, a private holding company owned by the Pérez Companc family. The Pérez Compancs had established themselves in the Argentine business world relatively recently, through the success of the Compania Naviera Pérez Companc, a shipping company established in 1946.Gregorio Pérez Companc, the adoptive heir to the helm of the family conglomerate, purchased the bank from the Pérez Companc Foundation (led by his sister, Alicia) in 1993.
Pérez Companc, for whom Banco Río de la Plata financed a number of acquisitions during President Carlos Menem's privatization drive (for significant stakes in Telecom Argentina, freight rail carrier Ferroexpreso Pampeano, electric distributor Transener, gas distributor TGS, and numerous others) ultimately sold a controlling stake in the bank (35%, with an option to buy for another 15%) to Grupo Santander in May 1997 for US$1.1 billion, upon which it was renamed Banco Río, and listed in the . Its most important acquisition during the partnership with Santander was that of Banco Tornquist, among the most traditional names in Argentine banking. Pérez Companc sold his remaining 18.5% share in February 2001 to Merrill Lynch, which later sold their stake to Santander.
...
Wikipedia