Banco Alas Cooperativo Limitado was a commercial bank based in Buenos Aires, Argentina. Inaugurated in 1979, Banco Alas became one of the first to offer ATM services in the country. The bank prospered initially, growing to include 76 branches, and over 1,200 employees. The collapse of much of the country's banking system on the heels of Argentina's Central Bank Circular 1050, which, in 1980, tied interest rates to the (rapidly increasing) value of the US dollar locally, as well as the subsequent Latin American debt crisis, which further stymied credit and the economy, led to the bank's decline.
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