Key Players in the Banking Industry in Argentina.

Key Players Table

Detailed profile	Relevant context information	Estimates of volumes	Estimates of revenue
Grupo Financiero Galicia Grupo Financiero Galicia is a prominent financial group in Argentina, with Banco Galicia as its main asset. It is one of the leading private financial institutions in the country.	Acquired HSBC Argentina's operations in 2024, significantly expanding its market presence. The acquisition includes HSBC's banking, asset management, and insurance businesses. Owns Naranja X, a significant digital financial services provider.	Total assets: Ranked among the top private banks by assets. Holds significant shares of the loan and deposit markets. Acquired HSBC Argentina's assets, which were the ninth largest among private entities in Argentina as of April 2024. Total loans surged 343.9% YoY in nominal terms to ARS 2,211.2 billion in FY2024 for Grupo Supervielle (Note: This volume data is for Supervielle, not Galicia. Precise consolidated volume data for Galicia post-acquisition is not explicitly available in the provided search results). Deposits grew 104.9% YoY to ARS 3,173.5 billion for Grupo Supervielle (Note: This volume data is for Supervielle, not Galicia. Precise consolidated volume data for Galicia post-acquisition is not explicitly available in the provided search results). Banco Galicia held 10.36% of the loan portfolio and was second in deposits with a significant share as of August 2024.	Revenue for the twelve months ending September 30, 2024 was $3.622 billion USD, a 63.75% decline year-over-year. Annual revenue for 2023 was $24.986 billion USD. Fiscal Year End Dec 31, 2024 Revenue: 6,905.13B ARS (-4.29% change).
Banco Macro Banco Macro is a major private bank in Argentina with a nationwide presence.	Completed the acquisition of Itaú Argentina in November 2023, expanding its branch network, customer base, and workforce. Aims to consolidate its position as the most important private bank in Argentina. Launched BancoChat for operations via WhatsApp.	As of 3Q24, market share over private sector loans was 9.2%. Total financing increased 17% QoQ to Ps. 4.55 trillion in 3Q24. Total deposits were Ps. 8.1 trillion in 3Q24, a 7% QoQ increase. Holds 7.65% of the banking system's equity as of August 2024. Over 6 million clients and 567 branches as of March 2024.	Revenue for the twelve months ending September 30, 2024 was $16.974 billion USD, a 114% increase year-over-year. Annual revenue for 2023 was $17.288 billion USD. Fiscal Year End Dec 31, 2024 Revenue: 4,581.53B ARS (-26.03% change). Trailing Twelve Months (TTM) Revenue as of 2024: $5.49 billion USD.
Banco Santander Argentina Banco Santander Argentina is the Argentine subsidiary of the global Banco Santander group, with a significant presence in the country.	Part of the global Banco Santander network. Focused on a simpler, more digital, and integrated model.	Ranked among the top banks in Argentina by assets, loans, and deposits. Holds a significant share of the loan portfolio (11.67% as of August 2024) and is among the leading banks in deposits.	Net income for the full year ended December 31, 2024 was ARS 921,340.74 million. Part of a global group with significant revenue (Global Santander revenue was €65.9 billion in 2024).
BBVA Argentina BBVA Argentina is the Argentine subsidiary of the global BBVA group, operating as one of the leading private financial institutions in the country since 1886.	Focuses on retail and corporate banking for individuals, SMEs, and large companies. Strategic priorities include digital expansion and cross-selling.	Consolidated market share of private sector loans reached 11.31% as of 4Q24, gaining 146 bps in the year. Consolidated market share of private deposits reached 8.72% as of 4Q24, gaining 193 bps in the year. Total consolidated financing to the private sector in 4Q24 totaled $7.6 trillion (ARS). Total consolidated deposits in 4Q24 totaled $9.9 trillion (ARS). Rose to 2nd position among local private banks in terms of private loans at a consolidated level as of November 2024.	Accumulated operating income in 2024 was $1.9 trillion (ARS). Inflation adjusted accumulated net income for 2024 was $357.7 billion (ARS). Fiscal Year End Dec 31, 2024 Revenue: 3,547.17B ARS (-17.95% change). Trailing Twelve Months (TTM) Revenue: $3.84 billion USD.
Banco de la Nación Argentina Banco de la Nación Argentina (BNA) is a state-owned bank and the largest bank in Argentina by assets. It is the oldest bank in Hispanic America, founded in 1822.	Plays a crucial role in government strategies to promote electronic payments and reduce the informal economy through digital wallets like BNA+. Aims to drive financial inclusion. Reduced credits to SMEs and families in 2023 to finance the fiscal deficit.	Dominates the sector with a 24.44% market share of total assets as of August 2024. Leads in loans to the private sector with a 20.71% share of the loan portfolio as of August 2024. Maintains dominance in deposits, capturing 24.32% of total deposits as of August 2024. Holds a leading position in the system's equity with a 30.41% share as of August 2024. BNA+ digital wallet has a 12.2% market share.	Financial income increased by 15% in 2023 compared to the previous year. Other operating income increased three times in 2023 due to commissions from transfers and payment orders. Reported a profit of US$ 2 billion in 2023, mainly from investing in government bonds.
Banco Provincia Banco de la Provincia de Buenos Aires, also known as Banco Provincia, is a public bank in Argentina and the fourth largest by assets.	Backed by the government of the Province of Buenos Aires. Offers digital banking services through digital wallets like Cuenta DNI to promote financial inclusion.	Fourth largest bank in Argentina by assets. Holds a significant share of the banking sector's assets. Cuenta DNI digital wallet has a 14.4% market share.	Specific revenue figures for 2024 are not readily available in the provided sources. Reported growth in income and net income in 2023.
Naranja X Naranja X is a financial services company based in Argentina, which is the fintech entity of Grupo Financiero Galicia.	Offers credit cards, personal loans, insurance products, accounts, and investment products, leveraging its strong brand legacy. Creates technological solutions for personal and business finances. Focused on being easily accessible and providing simple tools.	Serves 4.63 million customers as of September 2024, a 84% YoY growth between 2023 and 2024. Has 6,474 thousand deposit accounts and 10,003 thousand credit cards as of 3Q24. Held 5.2% of private sector deposits via fintech accounts by November 2024.	Estimated annual revenue is in the $100-$500 million USD range. Net fee income for the fiscal year ended December 31, 2024, was Ps. 465,648 million, a 15% increase from 2023. Interest income amounted to Ps. 1,088,676 million for the nine-month period ended September 30, 2024, a 24% increase compared to the same period in 2023. Revenues (net financial income + net fee income – turnover tax) amounted to AR$196.2 billion in 3Q24.
Ualá Ualá is a leading Argentine fintech company offering a digital financial platform.	Provides prepaid cards, personal loans, and bill payment services through a mobile app. Focuses on financial inclusion and serves younger and underbanked consumers. Utilizes M&A to grow and broaden offerings, including the acquisition and rebranding of Wilobank to Uilo Bank, and acquisitions of Empretienda and Ceibo Créditos.	Serves over 9 million users as of March 2025, with over 8 million by November 2024. Reached 17% of Argentina's adult population by November 2024. Issued over 7 million loans by November 2024. Enabled 2.7 million users to invest by November 2024. Recorded a 55% increase in Total Payment Volume (TPV) for merchant acquiring over the past year by November 2024. Estimated annual revenue is $280.2 million USD. Valuation was $2.75 billion USD in November 2024.	Estimated annual revenue is currently $280.2 million USD per year. Reported revenue in the range of $5 billion to $25 billion USD in 2020 (Note: This is outdated information). Generates $33.3 million USD in revenue (Note: This figure seems inconsistent with the estimated annual revenue).
ICBC Argentina Industrial and Commercial Bank of China (Argentina) S.A.U. is the Argentine subsidiary of the large Chinese bank, ICBC.	Leverages the global network and strength of its parent company. Focuses on commodities and financial markets solutions globally.	As of September 2024, ranked sixth among private banks in terms of loans (3.3% of total system) and fifth in terms of deposits (3.3% of total system). Loan stock increased by 6.5% in real terms compared to the end of 2023. Loans represented 28.3% of assets as of September 2024.	Specific revenue figures for 2024 are not readily available in the provided sources in a comparable format. The parent company, ICBC, is the largest bank in the world by market capitalization, deposits, and profitability.
Banco Ciudad Banco de la Ciudad de Buenos Aires is a public bank founded in 1878, focused on assisting residents with limited resources.	Historically operated as an official pawnshop. Offers mortgage loans and other banking products and services. Conducts online auctions for the federal tax authority (AFIP).	Ranked among the top public banks in Argentina by assets. Loan stock increased by 5% in real terms as of September 2024 compared to the end of 2023. Loans represented 24.4% of assets in September 2024. Exhibited a non-performing loan ratio of 3.6% as of June 2024.	Specific revenue figures for 2024 are not readily available in the provided sources in a comparable format. Reported a return on inflation-adjusted equity of 32% for the 12 months ending June 2024. Had significant income in 2023.

References

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https://www.owler.com/company/uala