BROU (Banco República Uruguay)

0 standards supported

Overview

BROU (Banco República Uruguay) is Uruguay's largest commercial bank by assets + Uruguay's largest state-owned bank + Uruguayan government Ministry of Economy and Finance fully owned + ~3M+ customers - majority of Uruguayan adult population + ~40% Uruguayan banking market share [1, uy-cro].

History

Aug 14 1896 — Banco de la República Oriental del Uruguay BROU founded distinctive Uruguayan state banking heritage.

2014 — BROU Mobile Banking app launch distinctive Uruguayan mobile banking strategy.

Ownership & operator

Operating entity: Banco de la República Oriental del Uruguay (BROU) (Uruguay's largest commercial bank by assets + Uruguay's largest state-owned bank; Uruguayan government fully owned).

Major shareholders: Uruguayan government Ministry of Economy and Finance fully owned + Uruguayan state banking heritage.

Regulators: BCU (Banco Central del Uruguay).

Technical integration

BROU Mobile Banking app (iOS + Android; ~3M+ customers) + brou.com.uy online + BROU branch network across Uruguay + BROU Visa + Mastercard cards; UY IBAN + BROU Mobile Pay (BROU-anchored mobile P2P payments).

Implementations & partners

Major Uruguayan banking + payments competitors: [[bbva-uruguay]] (BBVA Uruguay; BBVA Spanish parent subsidiary) + [[itau-uruguay]] (Itaú Uruguay; Itaú Unibanco Brazilian parent subsidiary) + [[santander-uruguay]] (Santander Uruguay; Banco Santander Spanish parent subsidiary) + [[scotiabank-uruguay]] (Scotiabank Uruguay; Bank of Nova Scotia Canadian parent subsidiary) + [[banco-nacion-uy]] (Banco Hipotecario del Uruguay BHU Uruguayan state-owned housing bank) + [[paganza]] (Paganza Uruguayan bill payment fintech).

Regulator: BCU.

Status

Active, Uruguay's largest commercial bank by assets + Uruguay's largest state-owned bank + Uruguayan government Ministry of Economy and Finance fully owned + ~3M+ customers + ~40% Uruguayan banking market share [1, 2].

Sources

1 BROU — official
2 Banco de la República Oriental del Uruguay — Wikipedia
uy-cro In-corpus: reports/countries/UY-uruguay.md

Source

Biography extracted from brou-uruguay.md. See matrix.md for standards-support matrix if present.