New Bank of Santa Fe

Last updated
Logo Logo Nuevo Banco de Santa Fe.svg
Logo

The New Bank of Santa Fe (Spanish: Nuevo Banco de Santa Fe, NBSF) is the most important financial entity in the Santa Fe Province, Argentina and has the largest territorial coverage that reaches 96 percent of the district's inhabitants. It is a commercial bank with national and regional capital (finance). It has the central house located in the capital city of the province and its administrative headquarters in Rosario, Argentina.

Contents

New Bank of Santa Fe

History

Founded in 1874 and under the management of the Petersen Group since 2003, the Bank is an essential tool for the foreign trade operations of companies in the region. It participates in trade missions and owns a wide range of international payment and collection instruments.

Together with Bank of San Juan, the New Bank of Entre Ríos and Bank Santa Cruz, it forms the Bank San Juan Group, which is among the 10 main entities of the Argentine Financial System. Each of these banks are financial agents of their respective provinces of origin, where they lead in deposits and loans from the private sector, and maintain their rating for short-term debt at A1 (arg) and for long-term at AA- (arg) for its favorable performance, reflected in its capacity to generate profits, high liquidity and the quality of its portfolio. It has an extensive network of branches and agencies that facilitate operational management and ensure access to all corners of the region. They focus on the area of financial services to the private and public sectors, promoting and accompanying the growth of the different regional economic actors through a wide range of products and services and in conjunction with the government of the province. The Bank centralizes all of its assets in the province and controls strategic decisions and medium and long-term plans. The policies established by the Board of Directors to accompany, promote and sustain the growth of the provincial economy are reflected in the evolution of the market share, mainly in assistance to the non-financial private sector.

Overview

The central offices of the New Bank of Santa Fe in downtown Rosario Banco Provincial de Santa Fe, casa central, Rosario - 1.jpg
The central offices of the New Bank of Santa Fe in downtown Rosario

Originally named Provincial Bank of Santa Fe, it was established as a mixed state/private bank on 5 June 1874, based on an initiative of governor Servando Bayo, justified in the need to provide credit for the blossoming productive sector of the province. At the time, Argentina was starting to grow demographically (through immigration) and economically (through the exportation of agricultural products).

Carlos Casado del Alisal, first president of the Bank of Santa Fe Carlos Casado del Alisal, Rosario.jpg
Carlos Casado del Alisal, first president of the Bank of Santa Fe

The bank's first Provisional Direction was composed of Carlos Casado del Alisal (presiding), Benjamín Ledesma, Manuel Carlés and Evaristo Machain, elected by vote, and Melitón Ibarlucea and Mariano Alvarado as representatives of the provincial government. Its capital was divided in 20,000 stocks: 10,000 for the government, 4,000 for the founders, and 6,000 to be freely acquired by the private business of Rosario, a major port city on the Paraná River. The bank opened simultaneously in Rosario and the provincial capital Santa Fe City on 1 September 1874.

On 12 July 1991 the Provincial Bank of Santa Fe became a joint stock company (sociedad anónima) with its majority share owned by the provincial state, and changed its name to Banco de Santa Fe SAPEM. The process was highly controversial and more than 5 years were needed for the privatization law to be voted successfully; the bank was finally privatized as Nuevo Banco de Santa Fe S.A. in 1997, and left under the control of the Banca General de Negocios (BGN), a financial group with participation of important international banks (the Chase Manhattan Bank, the Dresdner Bank and the Credit Suisse), managed by the brothers Carlos and José Rohm (the latter was the president of the NBSF). The Rohms were accused of money laundering in 2002, for which Carlos was arrested as he tried to flee the country, while his brother escaped.

The NBSF has its central offices and 8 branches in Rosario, 8 branches in Santa Fe City, and others in every department of Santa Fe Province. It also has offices in the Autonomous City of Buenos Aires and in Córdoba, Río Cuarto and Villa María.

The Banco de Santa Fe Foundation

The Foundation promotes education and culture in the province of Santa Fe through research and technological innovation. It awards scholarships to students and trainings to teachers. Employees participate in the foundation through volunteering.

Related Research Articles

Santa Fe Province Province of Argentina

The Province of Santa Fe is a province of Argentina, located in the center-east of the country. Neighboring provinces are from the north clockwise Chaco, Corrientes, Entre Ríos, Buenos Aires, Córdoba, and Santiago del Estero. Together with Córdoba and Entre Ríos, the province is part of the economico-political association known as the Center Region.

Rosario, Santa Fe City & Municipality in Santa Fe, Argentina

Rosario is the largest city in the central Argentina province of Santa Fe. The city is located 300 km (186 mi) northwest of Buenos Aires, on the west bank of the Paraná River. Rosario is the third-most populous city in the country, and is also the most populous city in Argentina that is not a capital. With a growing and important metropolitan area, Greater Rosario has an estimated population of 1,750,000 as of 2020. One of its main attractions includes the neoclassical, Art Nouveau, and Art Deco architecture that has been retained over the centuries in hundreds of residences, houses and public buildings.

San Lorenzo, Santa Fe City in Santa Fe, Argentina

San Lorenzo is a city in the south of the Province of Santa Fe, Argentina, located 23 km north of Rosario, on the western shore of the Paraná River, and forming one end of the Greater Rosario metropolitan area. It is the head town of the San Lorenzo Department, and it has about 46,000 inhabitants according to the 2010 census [INDEC].

Villa Gobernador Gálvez is a city in the province of Santa Fe, Argentina, located on the western ravine of the Paraná River, within the metropolitan area of Greater Rosario. It had 74,509 inhabitants per the 2001 census [INDEC]. It is separated from Rosario, to the north, by the Saladillo Stream. It is the fourth most populated city in the province and the second in the metropolitan area.

Funes, Santa Fe City in Santa Fe, Argentina

Funes is a small city in the province of Santa Fe, Argentina, located within the metropolitan area of Greater Rosario, about 15 km west from downtown Rosario. It has a population of about 23,500 inhabitants.

History of Rosario

Rosario lies by the Paraná River, about 300 km upstream from the Argentine capital Buenos Aires; it is a major port and an industrial, commercial and cultural center. It grew from its humble origins to be the third most populated city in Argentina and the largest in the province of Santa Fe. Manuel Belgrano created the flag of Argentina in Rosario.

Government of Rosario

This article is about the government of Rosario, the third most populated city in Argentina, and the largest in the province of Santa Fe. Rosario has about 910,000 inhabitants 2001 census [INDEC] and is located on the western shore of the Paraná River.

Nuevo Central Argentino

Nuevo Central Argentino S. A. is an Argentine company that utilises the operation and infrastructure of the national railway system of the former Mitre Railway division of Ferrocarriles Argentinos, by a concession granted on 23 December 1992 as part of railway privatisation carried out during the presidency of Carlos Menem.

Sunchales is a city in the province of Santa Fe, Argentina. It has 21,304 inhabitants per the 2010 census [INDEC]. It lies in the center-west of the province, 135 km (84 mi) from the provincial capital Santa Fe, on National Route 34.

Municipal Bank of Rosario

The Municipal Bank of Rosario is a bank in Rosario, province of Santa Fe, Argentina. Its central offices are located in the downtown area, on San Martín St., and there are several additional offices throughout the city. It is focused in small and medium enterprises and other organizations, especially through microcredits, and may be considered an "ethical bank".

Servando Bayo Argentine politician, National Autonomist Party governor of the province of Santa Fe from 1874-1878

Servando Bayo was an Argentine politician who served as the National Autonomist Party governor of the province of Santa Fe from April 7, 1874, to April 7, 1878.

Simón de Iriondo Argentine politician

Simón de Iriondo (1836–1883) was an Argentine politician of the National Autonomist Party, who was twice governor of the province of Santa Fe, from 1871 to 1874 and from 1878 to 1882.

General Bartolomé Mitre Railway

The General Bartolomé Mitre Railway (FCGBM), named after the former Argentine president Bartolomé Mitre, is one of the six state-owned Argentine railway lines formed after President Juan Perón's nationalisation of the railway network in 1948 and one of the largest of Argentina. The six divisions, managed by Ferrocarriles Argentinos were later broken up during the process of railway privatisation beginning in 1991 during Carlos Menem's presidency.

General Manuel Belgrano Railway

The General Manuel Belgrano Railway (FCGMB), named after the Argentine politician and military leader Manuel Belgrano, is a 1,000 mmmetre gauge railway and the longest of the Argentine system. It was one of the six State-owned Argentine railway companies formed after President Juan Perón's nationalisation of the railway network in 1948.

Santa Fe Western Railway

The Santa Fe Western Railway was an Argentine railway company which became British-owned in 1900 when it was taken over by the Central Argentine Railway. The company was based in the south of the province of Santa Fe.

Province of Santa Fe Railway

Province of Santa Fe Railway was a French-owned company that purchased a 1,000 mmmetre gauge railway network built by the provincial government of Santa Fe in Argentina on 10 April 1900 and later extended it in the provinces of Chaco and Córdoba. After nationalisation in 1948 it became part of the state-owned company Belgrano Railway

Miguel Ángel Juárez Celman 5th President of Argentina

Miguel Ángel Juárez Celman was an Argentine lawyer and politician. President of the Nation from October 12, 1886 until his resignation on August 6, 1890.

Banco Macro is the second largest domestically-owned private bank in Argentina, and the sixth-largest by deposits and lending.

Carlos Casado del Alisal

Carlos Casado del Alisal was a Spanish Argentine businessman.

Rodrigo López Molina Argentine politician

Rodrigo Manuel “Roy” López Molina, is an argentine politician, attorney and public notary of the Republican Proposal Party who has been City councilor of the Rosario, Santa Fe since 2017. Before being elected City councilor, he was Provincial Deputy of Province of Santa Fe from 2015 to 2017 and City councilor of Rosario from 2011 to 2015.

References