Banco Patagonia
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1976 |
| Founder | Jorge Stuart Milne, Ricardo Stuart Milne, Emilio González Moreno |
| Headquarters | Buenos Aires , Argentina |
Area served | Argentina, Brazil, Uruguay |
| Products | Personal banking, Corporate banking, Investment services, Insurance, International banking |
| Owner | Banco do Brasil (58.96%) |
Banco Patagonia is a commercial financial institution based in Buenos Aires, Argentina, operating through 200 branches situated in key cities and provincial capitals. It caters to a client base exceeding 775,000 individuals and businesses, focusing on personal banking as well as small and medium enterprise segments.
The institution provides a comprehensive suite of financial products, including services for personal and corporate clients, investment options, insurance solutions, and international banking facilities.
Originally established in 1976 as a brokerage firm by founders such as brothers Jorge and Ricardo Stuart Milne along with Emilio González Moreno, the entity ventured into the auto financing market in 1987. It transitioned into a commercial bank under the name Banco Mildesa in 1988. The bank broadened its reach by acquiring the privatized Banco de Río Negro in 1996 and adopted the Banco Patagonia name in 2000.
Its expansion continued with the 2003 takeover of the insolvent Banco Sudameris, which included Caja de Ahorro, the country’s largest savings and loan association. The following year, Banco Patagonia integrated Lloyds TSB's Argentine operations, positioning itself among Argentina’s top 15 banks with additional branches in Brazil and Uruguay. The bank is publicly traded on the Buenos Aires Stock Exchange and was formerly listed on São Paulo’s BM&F Bovespa.
Ownership of Banco Patagonia is predominantly held by Banco do Brasil, Latin America’s second-largest banking group, which controls 58.96% of its shares.
In July 2019, Banco Patagonia was honored with the Best Bank accolade during the 15th Fortuna Awards recognizing the Best and Largest Companies.