Since 1992, Eurobanco operates as a limited liability company under the laws of the Commonwealth of The Bahamas. Its main office is based in Nassau, The Bahamas.
The goals of the Bank are unrestricted and include banking business and all kinds of financial investments; also, commercial, trading and other transactions.
Eurobanco Bank Ltd. operations mainly comprise cash management, custody services, execution of customers trading orders in publicly offered corporate and sovereign debt securities, financing transactions, and investments with its own capital in low-risk financial assets with quotation in international markets.
The license to carry on banking and trust business was obtained on May 25, 1992. Besides, Eurobanco Bank Ltd. is registered on the Security Commission of The Bahamas (according to Section 22 of the Security Industry Act, 1999) as Broker Dealer Class II to develop managing securities.
Eurobanco Bank Ltd. is part of CMF Group. The Bank is controlled by Banco CMF S.A., a bank incorporated under the Argentine law. Banco CMF S.A. owns 99% of the share capital of Eurobanco Bank Ltd since November of 1997.
Eurobanco Bank Ltd. owns 100% of Lemitel S.A., which exclusively provides BackOffice, Electronic Data processing, and Administration services. Lemitel S.A. is under the supervision of the Central Bank of the Republic of Uruguay.
Eurobanco Bank Ltd. promotes a culture based on proactivity, regulatory compliance and an effective operational response.
Its core values are:
- Focus on client’s needs
Eurobanco Bank Ltd.’s Board of Directors is fully aware of the importance for Financial Institutions of adopting principles of Corporate Governance in order to guide the behavior of its corporate bodies in the best interest of the Bank, its shareholders, depositors, customers, employees and public.
The Board of Eurobanco Bank Ltd., as part of CMF Group, has adopted and implemented the values and principles of Corporate Governance of its Controlling Company since November 20, 2012.
Eurobanco Bank Ltd. is aware that good Corporate Governance practices must be driven from the highest level of the organization, flowing to its lowest hierarchical level.
Every year, the Board of Directors of Eurobanco Bank Ltd. issues a “Corporate Governance Certification”, in which evaluates the level of the implementation and compliance with the Corporate Governance principles in the Bank, and in particular, its function as Government, regarding the implementation and compliance of the mentioned principles and the Risk Management Policy.