Banco de la República Oriental del Uruguay

Banco de la República Oriental del Uruguay
State-owned
Industry Banking
Financial services
Founded August 24, 1896 (1896-08-24)
Headquarters Montevideo, Uruguay
Area served
 Uruguay
Key people
 Julio César Porteiro,
Chairman of the Board[1]
Website bancorepublica.com.uy

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.[2]

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.[3]

References

  1. ↑ "Julio César Porteiro, new BROU Chairman". El Observador. 9 April 2014.
  2. ↑ "History of BROU" (in Spanish). Retrieved 2012-04-30.
  3. ↑ http://www.imontevideo.com/historia/historia.asp?ref=1/

External links


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