Banco de la Provincia de Buenos Aires
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Banco de la Provincia de Buenos Aires - overview
Established
1822
Location
Buenos Aires, -, Argentina
Primary Industry
Financial Services
About
Banco de la Provincia de Buenos Aires is a major financial institution that offers a wide range of banking services, including personal and business banking, aimed at supporting the economic growth of its local community. Founded in 1822, Banco de la Provincia de Buenos Aires is a prominent bank in Argentina, headquartered in Buenos Aires. It was established to provide financial services to the residents of the Buenos Aires province. The bank has historically focused on supporting local businesses and public sector entities without noted pivots in its strategy or operations.
The founder's history is not explicitly documented, nor is there mention of other companies being founded by the founder. Banco Provincia de Buenos Aires offers a comprehensive suite of financial products and services tailored to diverse customer segments, including individuals, businesses, and public sector entities. The bank's core offerings include personal banking solutions such as Cuenta DNI, a digital banking application that facilitates seamless banking transactions from mobile devices. For businesses, Banco Provincia provides specialized products like microcredit services designed to support small-scale entrepreneurs in managing and expanding their operations.
Additionally, the bank extends its services to professional clients with customized financial packages that help reduce operational costs and enhance business potential. These offerings are primarily available in the Buenos Aires province and are aimed at fostering economic growth within local communities by addressing the financial needs of both consumers and businesses. Banco Provincia generated revenue of USD 3,166,384,270. 10 in the most recent year, with an EBITDA of USD 3,639,434,574.
20. The bank's revenue model is supported by fees associated with account management, transaction processing, and the provision of credit services. For example, customers utilizing Cuenta DNI may incur charges based on transaction volumes or additional premium features. Business clients, particularly in the professional and small enterprise segments, engage in banking transactions that may involve subscription-based services or tailored financial products, contributing to the overall revenue stream.
This multi-faceted approach ensures that Banco Provincia maintains a steady flow of income while catering to a broad array of financial needs within its service regions.
Primary Industry
Financial Services
Sub Industries
Mortgage Banking, Consumer Finance, Commercial Banks
Website
www.bancoprovincia.com.ar
Verticals
FinTech, FinTech
Total Amount Raised
Subscriber access only
Banco de la Provincia de Buenos Aires - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,333,564,000 | 31,885,940,000 | 38,797,286,000 | 28,213,947,000 | 63,907,597,000 | 111,357,923,000 | - | - | - |
| % Revenue Growth (YoY) | - | 42.8% | 21.7% | (27.3%) | 126.5% | 74.2% | - | - | - |
| EBITDA (USD) | 3,409,003,000 | 7,213,554,000 | 6,902,685,000 | 11,042,561,000 | 8,103,703,000 | 10,722,064,000 | - | - | - |
| Operating Income (USD) | 3,136,870,000 | 6,912,804,000 | 6,354,943,000 | 10,054,308,000 | 5,675,459,000 | 9,130,424,000 | - | - | - |
| Operating Margin | 14.0% | 21.7% | 16.4% | 35.6% | 8.9% | 8.2% | - | - | - |
| % EBITDA Margin | 15.3% | 22.6% | 17.8% | 39.1% | 12.7% | 9.6% | - | - | - |
| NET Income (USD) | 3,170,525,000 | 6,961,874,000 | 5,580,212,000 | 7,873,846,000 | 4,259,496,000 | 9,932,190,000 | - | - | - |
| % Net Margin | 14.2% | 21.8% | 14.4% | 27.9% | 6.7% | 8.9% | - | - | - |
Banco de la Provincia de Buenos Aires - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Prisma Medios de Pago S.A. | - |
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