The online financial portals are on rise due to increased participation of common men. There are specialized and expert opinions on almost all financial arms and their related queries. Argentina has seen an uptrend in financial markets over past couple of years led by firm uptrend in bank stocks. As a result many of Argentinean banks have gone for ADRs and GDRs.
The top banks in Argentina had travelled a rather rockier path due to high currency fluctuation, devaluing their loans and deposits, initiating layoffs till 2001. Later on The Banco de la Nacion, largest government bank and also one of the top banks of Argentina, showed trend reversal in continuous losses and started with huge profits in 2004. With the initial step from this government owned bank, other banks have followed the footsteps and created a complete trend reversal in financial markets of the country.
ABN Amro Bank Argentina, one of the reputed private banks in Argentina, has the largest deposits of over a million dollars. The bank is highly recommended for corporate businesses due to its global presence and favored corporate policies. Banco de Galicia y Buenos Aires is clearly the largest private bank in the country with a customer base of over 4.2 million.
The bank is first of its type to introduce first internet banking portal and phone banking in the country. With the introduction of such diversified services, the bank gained much needed reputation and became leader of its segment. Banco Rio DE LA Plata S.A. is the favorite local bank having options for all financial help to the customer right from deposits to travelers’ cheques, investment advisory to electronic collection.
The banking sector has gone online in recent pasts to cater the needs of people in a fast and secure way. Not only banking but all the information related to your financial planning can be operated at a click.
