Banco Supervielle S.A. (Argentina)

Banco Supervielle S.A. was created in 1887 by the Supervielle family and acquired by Société Générale in 1964. In November of 2004 Banco Banex, which belonged to the Supervielle family, announced the purchase of the capital of Banco Société Générale which was belonging to the Société Générale Group. On March 3, 2005 B.C.R.A. approved these acquisitions and on July 1 the name of the bank changed back to Banco Supervielle. On November 14th, 2006 the board of directors of Banex began the procedure of merger with Banco Supervielle. This process was finally concluded on July 1, 2007. The integration of the two entities allowed the combination of the potential of both entities given that Banco Supervielle was a universal bank, with an extensive network of branches, primarily engaged in corporate banking, while Banco Banex developed its business target in retail banking, small and medium enterprises and the province of San Luis. Presently it covers the provinces of Buenos Aires, Cordoba, Mendoza, Santa Fe and San Luis and it has with more than 120 branches counting the banking centers and retirees and pensioners payment centers.