Bank of the City of Buenos Aires
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.
Basic Information
- Category: financial sector
- Website: https://www.bancociudad.com.ar/institucional/
Evidence and Sources
- Bank of the City of Buenos Aires — Wikipedia (reference)
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