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and on
December 18, 1911, with the immediate local private creation of the then called “Commercial and Edifier Bank of Santiago del Estero”, the province was fully incorporated into the nascent Argentine banking system, through the initiative of a young entrepreneur from Santiago, only 37 years old,
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Mr. Jorge González and Dr. Néstor Carlos Ick †(1937–2023) entity in which he held the presidency of the board of directors and stood out as a member of the executive committee at that time, assumed the commitment to lead the Banco de
Santiago del Estero S.A., currently his son Mr. Gustavo Eduardo
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Banco
Florencia was owned by the Brunet family (former owners of Algas), which owned more than 83% of the package. The rest is divided among minor shareholders. The entity in turn controls 71.25% of Banco Santiago, which would be capitalized at 6 million dollars. This amount will be integrated
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In 1971, Banco
Provincia, with 340 employees, already had 20 branches in the interior. Fernández, Clodomira, Colonia Dora and Los JurĂes had been enabled, in that chronological order. Throughout its first 60 years of life, the Bank had granted loans for a total accumulated amount of more than
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The then governor Manuel Argañaraz created the departmental political headquarters in the interior, but at the same time, the existence of a rooster arena just 1 and a half blocks from the main square was also a problem. Accompanying Luis Suárez in the creation of the first
Santiago Bank were
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On
September 2, 1996, after a national and international public bidding process in which different bidders participated, it was awarded to Grupo Ick and Banco Florencia S.A. control of the entity. The entity was bankrupt, like the province at the time, which came from the social outbreak of
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Banco
Santiago del Estero advanced in a gradual, but very sustained process of regional expansion that leads it to currently have branches and 140 ATMs in 7 provinces of the country such as Santiago del Estero, Tucumán, Autonomous City of Buenos Aires, Córdoba, Catamarca, Salta and Jujuy.
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Now it became an autonomous entity of the local government, calling itself "Bank of the
Province of Santiago del Estero". In this condition as an entirely public bank, in 1961 it celebrated its Golden Anniversary, 50 years of continuous operational life, reaching a capital close to
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35 million annually, approximately 10 million current dollars. It granted credits of 5 to 25 years, mainly for the private construction of homes, which appeared in the
Property Registry, from the first day, in the name of the owner of the land.
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personalities such as
Baltasar Olaechea y Alcorta, Pablo and Jaime Verdaguer, Dr. David GarcĂa, Juan Berraondo, Enrique Ballestrini (son), Modesto González, Manuel Suffloni, Augusto Helman, Alfredo Ricci and Manuel Ruiz, among many others.
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However, the evolution of the Bank was of such magnitude that, just over a decade after its foundation, already in 1923 and always under the management of Luis Suárez, now supported by the accountant Andrés Pereda, its cash flow was of
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Its board of directors was chaired by Alfredo Ricci and he was accompanied by Edverto de la Vega, José Casanova, Manuel Barthe, Héctor Bonacina, Federico Salaverry, Octavio Latapié and Ramón de la Rúa, among others. In 1935, the
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Santiagueñazo in 1993 and the Federal Intervention. Then, the group took over the Banco de la Provincia de Santiago del Estero, already under the name Banco de Santiago del Estero S.A., currently known by its acronym BSE.
489:, which transformed it from a private bank into a mixed ownership bank that, through provincial law 1,144 of April 17, was renamed Banco de la Provincia de Santiago del Estero, with an initial capital of
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In 1953, an emblematic year in the capital city of Santiago del Estero, it turned 400 years old and was the headquarters for one day of the National Executive Branch chaired by
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approved the transfer of the provincial entity to its private owners. On that occasion, the monetary authority made the merger of both banks a condition to give its approval.
524:, during the governorship of Francisco Javier González, through the sanction of provincial law 2,939, the Bank was transformed again, in terms of organization and ownership.
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Some time later, the Banco de Santiago del Estero absorbed Banco Florencia, completing the process that began two years ago with the privatization of Banco Santiago. The
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The effect of the inflation tax that, under mixed and public management, could only keep the Bank's capital constant during the 25 years of the period 1936–1961.
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since 1918, the serious economic crisis of the years 1929 and 1930 forced private shareholders to agree to public capitalization in 1932, under the government of
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The operation implies the cessation of activities of Florencia, which began its business in 1978 as a finance company to transform six years later into a bank.
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In 1961, already during the governorship of Eduardo Miguel, a special first-class branch of the Banco de la Provincia was opened on central Florida Street in
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had been created, which reformulated and rebuilt the banking system, greatly weakened by the aforementioned crisis of the years 1929 and 1930.
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mainly serving the retail financial market, and is also the main financial agent of the State of the province of Santiago del Estero.
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They began to incorporate the first branches in the interior of the province, which followed the main railway lines, such as
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185 million annually, about 47 million current dollars, in cash movements, checking accounts, discounts and bank drafts.
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12 million provincial public debt bonds. In 1936, upon turning 25, its capital had already amounted to
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That same year, 1932, the Bank made it possible to issue
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as "Banco Comercial y Edificador de Santiago del Estero"
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91 million pesos ley (in force between 1970 and 1983).
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Its headquarters are located at Avenida Belgrano 529,
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1156:List of banks and financial companies of Argentina
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493:3 million, just over 600,000 current dollars.
395:is the most important financial entity in the
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781:"Official Gazette of the Argentine Republic"
447:In 1910, with the installation of the first
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53:Learn how and when to remove these messages
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704:"BSE Branches - Banco Santiago del Estero"
456:500,000, which soon had to be expanded to
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216:Learn how and when to remove this message
150:Learn how and when to remove this message
1185:Commercial buildings completed in 1911
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861:(in Spanish). 2023-12-19
812:(in Spanish). 1998-11-28
787:(in Spanish). 1995-04-25
630:Privatization and merger
967:Primary stock exchange
274:Privately held company
198:neutral point of view
1072:Municipal de Rosario
945:Banking in Argentina
859:www.eldestapeweb.com
760:www.pagina12.com. ar
612:City of Buenos Aires
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836:. 2000-06-27
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