Banco de la República Oriental del Uruguay
Banco de la República Oriental del Uruguay (also known as Banco República or BROU) is a state-owned bank in Uruguay, founded in 1896 under the presidency of Juan Idiarte Borda. It is the most important Uruguayan bank with the largest number of customers.[1]
 | |
| Type | State-owned |
|---|---|
| Industry | Banking Financial services |
| Founded | August 24, 1896 |
| Headquarters | Montevideo, Uruguay |
Area served | Uruguay |
Key people | Salvador Ferrer (chairman, since 2020) |
| Website | bancorepublica.com.uy |
It plays a dominant role in lending and deposit in the Uruguayan market. It is also responsible for the collection of exportation taxes.
History
On October 22, 1896 at 10:00 a.m. the bank opened its doors for the first time with 54 employees. The first deposit was made by the President of Uruguay, Juan Idiarte Borda.[2]
References
- "History of BROU" (in Spanish). Retrieved 2012-04-30.
- "Archived copy". Archived from the original on 2016-03-04. Retrieved 2019-06-02.
{{cite web}}: CS1 maint: archived copy as title (link)
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