Bank of the City of Buenos Aires

The Directory is integrated by its president, Guillermo Laje, vice president, Fernando Jorge Elías, and general manager, Gustavo Jorge Cardoni.

The Directors are Delfina Rossi, Nicolás Massot, Gastón Rossi, Franco Moccia.

The syndic of trustee is Paula Beatriz Villalba.

The new branch in the capital city of Cordoba, located in 45 Buenos Aires St., is already running and open to the public from 8:30 to 13:30hs, and offers all banking and financial services.

The inauguration ceremony in Cordoba's Capital became a prominent political event, mainly because of its attendees, politicians from both national and provincial arches, from different parties. Among them were the Vice Governor Martín Miguel Llaryora; the city's mayor, Javier Ramón Mestre; the Vice Chief of Government of Buenos Aires, Diego Santilli; the former president of the bank and current Minister of the Interior Rogelio Frigerio; the Vice Mayor of Cordoba Felipe Lábaque; the national senator Laura Rodríguez Machado and the national deputy Héctor Baldassi.

The Bank offers free Savings, Checking and Remuneration Accounts, credit and debit cards, and personal and mortgage loans. Companies, as well as small and medium size enterprises will benefit from personalized customer service and counseling, and will have at their disposal the wide range of products the bank has to offer, such as funding lines for working capital and capital and leasing goods, with the most competitive rates and terms of the market, to allow to development of productive, farming and service activities in the region.

Ortiz Batalla, current president of the Bank of the City of Buenos Aires, has announced a modernization plan which includes the permanent update of the virtual operation channels, homebanking, and the brand-new mobile banking app the bank launched in March. It also contemplates an ambitious program to renew their fleet of ATMs.

For the first time in its 137 years of trajectory, the third bank of Argentina has expanded to the interior of the country.

During the inauguration ceremony of the new branch, located in 32 Catamarca St., there was a symbolic ribbon cut, witnessed by the bank's president, Javier Ortiz Batalla; Mendoza's governor, Alfredo Cornejo; the minister of the Interior, Rogelio Frigerio, and the Vice Chief of Government of Buenos Aires, Diego Santilli, among other government officials.

This branch has two floors and 4 ATMs, aside from several lines of cashiers for personalized attention on an area of 600m2, as it stands where the Peuser library used to work (32 Catamarca St.).

The bank has committed to offer credits for the internal market and for exporters, with accessible rates and the longest terms of the market.

The current bank's head office was designed by MSGSSS studio in 1968, as a symbol of the entity's openness towards new directions. It was built in record time and inaugurated the following year. Since then it has become a well-recognized architectural piece because of the extensive use of glass bricks as a construction material, the integral design of all its furniture and the idea of building a bank with a glazed panel, open to the public on the pedestrian Florida St., unlike the classic concept of a sturdy and closed bank, which attempted to give an image of trust and safety.

Located in a building that had been erected for a "A la Ciudad de México" store, on the corner of Florida and Sarmiento St., the structure was kept by the interior was totally remodeled, and display cases and marquees were open on the facade to showcase the items going up for auction and the bank activity to the walking public.

Between 1977 and 1981, an extension to the headquarters of the Bank of the City of Buenos Aires was built, with access through 630 Sarmiento St., today known as the "Centre Branch". This new access was commissioned to Aslan and Ezcurra architects, and consisted of a glazed tower with metal beams of seven underground levels, plus ground level and 18 floors.

In August 2016, the headquarters were re-inaugurated with an avant-garde remodeling, following the parameters outlined in its original construction. This re-inauguration had been planned in 2008 by the current President of the Central Bank, Federico Sturzenegger.

A few blocks away, on 660 Esmeralda St., lies the Esmeralda complex, also known as the Sales Building, where the bank has been holding its public auctions since the 1930s. This building was also remodeled by MSGSSS in 1969, and it stands out because of its ramps and extensive counters with objects up four auction.

In February 2010, the Bank of the City of Buenos Aires announced an architecture competition to design its new corporate office, in front of Parque Patricios, within the city's new Technological District.

For that purpose, the bank purchased a whole block between Uspallata, Atuel, Los Patos and Iguazú streets, which formerly belonged to the City's Institute of Housing. The winning proposal for the building would win the contract to erect it, so the studios competing had to be associated with contractors in order to present their projects.

In August 2010, the English Norman Foster and Partners won the competition, associated with the Argentinian designers Berdichevsky-Cherny y Edgardo Minond and CRIBA constructions. Their entire project would cost 200 million pesos, and would take 22 months to build.

Argentinian studios like Aisenson (second place), Richter-Dahl Rocha (third place), MSGSSS, Mario Roberto Álvarez and Associates, Antonini-Schön-Zemborain, Hampton-Rivoira, B4FS, Dujovne-Hirsch, Urgell-Penedo-Urgell, and the Uruguayan architect Rafael Viñoly also submitted their designs.

The construction started towards the end of 2010. The building was awarded in the 3rd Annual Awards for Excellence in Sustainability, organized by the American Planning Association, in the "Sustainable Building Project" category.

The board of directors first meeting after its establishment, on July 10, outlined the goal of "serving the working community, which is in the greatest need of such an institution."

The bank opened its doors in a Monserrat Ward residence that formerly belong to Viceroy Joaquin del Pino, it grew quickly and changed its name six times until it reached its current denomination. The first substantial change occurred in 1888 when, after the federalization of Buenos Aires, the bank was nationalized and transferred to the jurisdiction of the City of Buenos Aires. On September 30, 1904, through law 4351, the institution was called "Municipal Savings and Loans Bank".

Its new headquarters in the financial district were accompanied by new market capitalization, and it allowed it to provide personal, business and mortgage loans and payday advances. It soon began to administer pension funds and became a leading local source of underwriting of initial public offering activity on the Buenos Aires Stock Exchange, provincial and national government bonds, and foreign trade, as well. But the main change was that the bank was allowed to collect the public's deposits in Savings Accounts.

At first, it followed disappointing results, which increased investment in bank branches, agencies and other forms of representation, and led to the institution's renewed growth, particularly during the tenure of bank president Enrique Peña, who in 1916 committed the institution to "combat usury in the most effective possible way – making branches readily available throughout the city so as to lessen inconvenience to those who need our services."

A nationalist coup in 1943 led to the sudden advent of Col. Juan Perón as the new regime's chief policy-maker. The new government quickly made the control of price gouging in banking and public services a policy centerpiece, and in 1944, the bank was again re-chartered as the Municipal Bank of Buenos Aires, to give depositors more commercial banking options in Argentina's growing public sector.

The mass movements that appeared in Argentina since the forties integrated socially and politically urban classes derived from European immigration and rural inland workers, both of which became industrialized. This impacted on the evolution of the bank: social loans under a pledge had started to become a limited tool in a modernizing and growing country that converted its inhabitants into citizens. Municipal Bank had to expand its role then, as the new professionals and salaried employees required loans to buy and set up their own homes, and salesman and small industrial entrepreneurs needed to expand and modernize their facilities to keep up with the expanding internal market.

The bank became a leader in small business lending, and financed public housing projects in underprivileged areas. The city purchased a downtown lot on the massive Nueve de Julio Avenue (where the Mercado del Plata wholesaler stood) in 1947 for the construction of municipal offices, and an important branch was opened therein after the building's 1961 completion.

It has to be a single dwelling, for familiar use and permanent occupation.

The property must be worth up to $1.100.000 for applicants without children, and $1.300.000 with children.

The house cannot be a luxury residence, meaning the value cannot exceed the $27.000 per square meter. The appraisal will be performed by the Bank of the City of Buenos Aires.

Applicants can buy their property in the City of Buenos Aires as well as in the Great Buenos Aires, considered to be less than 100 km from the city limits.

The bank's headquarters were moved to its current location, a refurbished Sarmiento and Florida Street building, on May 23, 1968, on the occasion of the 90th anniversary of its foundation. These and other new offices allowed the bank to expand its larger-scale commercial lending activities.

The relocation gave the bank the opportunity to create a new image with colored glazed bricks in large surfaces, both internal and external, as well as the creation of an advertising logo and the possibility to equip all of its offices and subsidiaries.

Its growing competition with the Bank of the Province of Buenos Aires led to the adoption of its current name, "Bank of the City of Buenos Aires", of May 16, 1972.

The Bank risked being privatized during the nineties, but several political forces and the bank's own employees defended it, and so it managed to remain under the state's orbit.

After the modernization and cleanup process done over the last few years, the Bank retook its social role, confirmed throughout its institutional history.