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In November 1996, Banco Provincial became the first universal bank in Venezuela by expanding its business objectives to include activities of specialized banking. In 1997, Spain’s Banco Bilbao Vizcaya (now Banco Bilbao Vizcaya Argentaria) acquired the majority of shares as a strategy of expansion into Latin America. BBVA's entry in Venezuela ...
2001 – During this year, the biggest and most important merging between banking businesses in Venezuela happened, Caja Familia Entidad de Ahorro y Préstamo, Banco Unión (founded in 1946), Crédito Unión C.A and Banesco Inmuebles became Unibanca Banco Universal. The merging took place on 12 February 2001.
Banco de Venezuela (abbreviated: BDV) is an international universal bank based in Caracas. It was the market leader in Venezuela until 2007, when it fell to third place, with an 11.3% market share for deposits; its major competitors are Banesco, Banco Mercantil and BBVA Banco Provincial. [1] As of June 2008, it had 285 branches in Venezuela.
Presided by his Economy Minister, Manuel Gilbert Arnes Angel Enrique José García, the meeting was convened on January 15, 1822, and resulted in the creation of the Banco de Buenos Ayres. The new institution became popularly known as the Banco de Descuentos ("Discount Bank") for its role as a source of credit to the myriad community banks in ...
The building was designed by the prestigious Italian Argentine architect Francesco Tamburini, who left his mark on some of the most emblematic local architecture, such as the Teatro Colón, the Casa Rosada, the Police Central Department Building in Buenos Aires; and the Teatro del Libertador General San Martín in Córdoba City.
Venezuelan President Hugo Chávez and Argentinian President Néstor Kirchner in 2005.. The Maletinazo, Valijagate, or suitcase scandal was a 2007 scandal involving Venezuela and Argentina, souring friendship between the countries.
The Provincial Tower (also known as Provincial Bank Tower, or BBVA Banco Provincial Tower) is a skyscraper located in the Venezuelan city of Caracas, stands out as the fifth-highest office tower in the city and Venezuela, was inaugurated in 1984, has 40 floors and is about 159 metres (522 ft) high, is located in the Candelaria Parish, northwest of Libertador Municipality of Caracas.
In 2002, talks began for the purchase of the bank by a group of Venezuelan investors, completing the acquisition of the bank in February 2003 and changing the name in April of the same year to Banco Nacional. of Credit. [2] By 2003, it had 13 agencies. By mid-2007 the number increased significantly to reach 79 agencies nationwide.