The FEDERATION OF LATIN AMERICAN BANKS - FELABAN is a non-profit entity created in Mar del Plata, Argentina in 1965 by the banking associations and other agencies of 19 Latin American countries, encompassing over 623 regional banks.
FELABAN's objectives include:
To promote and facilitate the contact, understanding and direct relationships between the financial entities in Latin America, irrespective of the internal political issues of each country.
To contribute to, by means of its technical services, the coordination of criteria and to the unification of general banking and financial usage and practices in Latin America.
To cooperate, within the scope of its own activities, a more efficient economic development in Latin American countries and to the economic integration movements in which they participate.
To endeavor by all means available to promote the development and well being of the countries where its members reside.
To procure a greater financial deepening and a greater access to financial services for populations with low incomes as a way to contribute towards the reduction of poverty in Latin American countries.