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BBVA's entry in Venezuela coincided with Hugo Chávez' presidential election. [1] Once Nicolás Maduro came to power in Venezuela, the bank's benefits dropped from 369 million euros in 2013 to -13 million euros in 2017. [1] While Banco Santander shut its Venezuelan operations in 2009, [1] BBVA chose to maintain theirs despite the economic ...
BBVA Provincial: Publicly traded Caracas: 1953 Banco Occidental de Descuento: Privately owned Maracaibo: 1957 [5] 2022 Banco Nacional de Crédito: Publicly traded Caracas: 1977 Fondo Común: Privately owned Caracas: 1963 100% Banco: Privately owned Caracas: 2006 [6] Women's Development Bank: 2001 Sofitasa: San Cristóbal: 1990 Iran-Venezuela Bi ...
BBVA Provincial; Banesco; Banco Mercantil; Banco del Tesoro Bancamiga Banplus Bancaribe; Banco Venezolano de Crédito; Banco Plaza Fondo Común; Banco DELSUR Banco Exterior (Venezuela) Bancrecer; Banco Caroní Banco Activo 100% Banco; Sofitasa; Iran-Venezuela Bi-National Bank
In 2004, the banks of Chile (BHIF) and Colombia (Banco Ganadero) changed their commercial denomination and were simply called BBVA. In 2006, through a public auction, it acquired the old savings and housing corporation, Banco Granahorrar de Colombia, whose shares belonged to the Grancolombian group, and with the financial and economic crisis of ...
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In 1992, after changing their name to Bancentro, the bank was acquired by the Banesco Financial Organization, the banking division came to dominate the company and was combined with the other divisions to form a banco universal (universal bank) (i.e. a bank that competes in all banking sectors like commercial banking, investment banking ...
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The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.