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Banking

Latin America best managed banks 2018: Argentina

Banco Galicia

Fabian-Kon-160x186

Fabián Kon
© 2018 Euromoney
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“People at Galicia act like owners,” says one equity analyst who covers the bank. That is a culture that, as Argentina’s largest private-sector bank, is not easy to foster, but chief executive Fabián Kon says it is a deliberate one. 

“There is a very close relationship between employees at all levels and the bank,” he says. “It is a culture that could be compared to one of a family and one that was promoted and maintained by the controlling shareholders – members of the families who founded the bank more than 110 years ago.” 

As a consequence, Banco Galicia is ranked as one of the best companies to work at in Argentina (it has more than 1,000 employees there) and employees tend to stay with the company for many years. Most senior management have spent a large part of their working life within Galicia. 

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