Municipal Bank of Rosario

[1] The Municipal Bank was founded in 1896 to support the financial needs of the citizens and small businesses in the highly productive region of southern Santa Fe Province, centered in Rosario.

The idea of creating a municipal financial institution was expressed in 1893 by mayor Floduardo Grandoli, citing the proliferation of "centers of usury" that exploited those in need of credit, especially the poor (something not addressed by the profile of the Provincial Bank of Santa Fe, which granted loans only to demonstrably solvent persons).

[2] The bank's mission focuses on the management of the finances of the municipal state and the support of the region's small and medium enterprises.

At present, it offers loans for a variety of purposes, such as international trade, real estate operations, automobile purchases, and the installation of domestic natural gas lines; it finances the preservation of the architectonic heritage of the city through special loans devoted to the restoration of historical facades; and it offers several forms of insurance, credit cards, and other services.

The bank also emits and sells the magnetic stripe cards used as pre-paid tickets for Rosario's urban bus system.