Banco Alas Cooperativo Limitado was a bank from Argentina, one of the first to offer automated teller machine services in the country. It had its heyday during the late 1970s, but collapsed after a series of scandals of corruption.
The Central Bank informed in 1986 that it had been defrauded by Banco Alas for 110 million US dollar in export credits, at that time the 13th largest private bank in the country.
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Banco Alas