Bank of the City of Buenos Aires
Banco Ciudad headquarters | |
| Company type | Public bank |
|---|---|
| Founded | 23 May 1878 |
| Headquarters | Buenos Aires, Argentina |
Key people | Guillermo Laje (president) Fernando Jorge Elías (vice president) |
| Products | Retail Banking Business finance Trade finance Factoring Mutual funds Pension funds Insurance Mortgages Consumer Finance Credit cards |
| Revenue | US$ 600 million (2011) |
| US$190 million (2011) | |
| Total assets | US$4.5 billion (4/2011) |
Number of employees | 3,150 (2/2010) |
| Website | www.bancociudad.com.ar |
The Bank of the City of Buenos Aires (Banco Ciudad de Buenos Aires), doing business as Banco Ciudad, is a publicly owned, municipal commercial bank in Buenos Aires, Argentina. It was founded on May 23, 1878, under the name Monte de Piedad (Piety Mount), with the purpose of fighting usury in the city (mostly targeting the growing wave of immigration in Argentina) by giving loans at a below-market interest, in order to reduce social inequalities.