Although it is now a bank, the original owner of the building was the Montevideo Waterworks Co., and in keeping with this, all the external decorations are watery in theme. At first glance the external simply looks like one of the many of the other neo-classical buildings around the city, but closer examination of the various decorative features shows them all to be water-related. In a refurbishing almost complete, these features have been retained, in some cases repaired, and the whole exterior repainted.