Banco de la República Oriental del Uruguay

Banco de la República Oriental del Uruguay (also known as Banco República or BROU) is a state-owned bank in Uruguay, founded in 1896 under the presidency of Juan Idiarte Borda. It is the most important Uruguayan bank with the largest number of customers.[1]

Banco de la República Oriental del Uruguay
Financial services
FoundedAugust 24, 1896 (1896-08-24)
HeadquartersMontevideo, Uruguay
Area served
Key people
Salvador Ferrer (chairman, since 2020)

It plays a dominant role in lending and deposit in the Uruguayan market. It is also responsible for the collection of export taxes.


On October 22, 1896, at 10:00 a.m. the bank opened its doors for the first time with 54 employees. The first deposit was made by the President of Uruguay, Juan Idiarte Borda.[2][citation needed]


  1. ^ "History of BROU" (in Spanish). Retrieved 2012-04-30.
  2. ^ "IMontevideo - Inmobiliarias de Montevideo". Archived from the original on 2016-03-04. Retrieved 2019-06-02.

External linksEdit