List of banks in Venezuela

The vast financial system of Venezuela has shown rapid growth. That was between the 1950s and 1980s. It characterized the professional existence of its institutions. In 1989, the financial services sector consisted of 41 commercial banks. 23 government financing institutions, 29 financial firms, 16 mortgage banks, 20 loan associations. Also several bodies, like insurance companies, asset funds, pension funds, and international traders.
The financial services sector consisted of 20 banking and financial agencies. The oil revenues in the 1970s led the financial institutions to grow. But, several companies went bankrupt during the less successful 1980s. The financial system affected.

There are many banks in Venezuela. So you can easily opt for any of the banks and enjoy your stay in Venezuela. Before applying to any bank you should check its policies.

Here you will find the list of banks in Venezuela. 

Overview of Banks-

The official authority of the nation is the Central Bank of Venezuela (BCV). It also functions as the Clearing House system’s regulating agent. It  Founded in 1939. BCV supervises Venezuelan banks and manages the bolívar at fixed exchange rates.

In the State Banking System, apart from the central bank. The Venezuelan Development Corporation, commercial banks, investment banks, mortgage banks in Venezuela. Controls the national and development of banks.

Top banks in Venezuela include:

Banesco

 
  • Banesco is the largest private banking institution in the country. 
  • It has 340 branches, with 115,000 POS and 1377 ATMs.
  • It offers good services to over six million customers.
  • It is a member of the Superintendency List of the Banking Sector Institutions of Venezuela (SUDEBAN).
  • That ensures that banks are under appropriate regulations.
  • This also belongs to the Venezuelan Banking Association.
  •  Its head office based in Caracas.

Banesco

Location: Porlamar, Nueva Esparta, Venezuela · In Traki Mall

Timings: Opens 11AM 

Phone: +58 295-2742966

Banesco

Location: Caracas, Venezuela

Timings: Opens at 8:30AM 

Phone: +58 212-5011414

Banesco

Location: Caracas, Capital District, Venezuela · In El Recreo Shopping Mall

Timings: Opens at 11 AM  

Phone: +58 212-7619915

Banesco

Location: Maracaibo, Zulia, Venezuela

Timings: Opens at 8:30AM

Phone: +58 261-7354945

Banco Mercantil

  • Banco Mercantil Americano was founded in 1917.
  • In 1925, the company changed to Banco Neerlando Venezolano.
  • It renamed again after one year Banco Mercantil y Agrícola and Agricultural bank.
  • Its headquarters are in Caracas.
  • And it is the second-largest bank in Venezuela
  • In the 1970’s Banco Mercantil set up subsidiary companies.
  • It covered several countries.
  • Like Brazil, Colombia, Curacao, Germany, the United States, and the United Kingdom.

Banco Mercantil

Location: San Juan de Los Morros, Guárico, Venezuela

Timings: Opens at 8:30AM Mon

Phone: +58 246-4310933

Mercantil

Location: Maracaibo, Zulia, Venezuela

Timings: Opens at 8:30AM 

Phone: +58 261-7351267

Banco Mercantil

Location: Caracas, Capital District, Venezuela

Timings: Opens at 8:30AM

Phone: +58 212-5031111

Banco Mercantil

Location: La Victoria, Aragua, Venezuela

Timings:  Opens at 8:30AM 

Phone: +58 244-3221591

Banco Industrial de Venezuela

  • Banco Industrial de Venezuela established in 1937.
  • It has 60 percent state capital and 40 percent private capital.
  • It is also known as the Venezuelan Industrial Bank or BIV. Finally, the land returned to the state.
  • The bank played a crucial role in the nation’s policy of industrialization. 
  • In 2016, the financial institution Bank of the Treasury transferred its assets.

Location: CENTRO EMPRESARIAL LOS RUICES, LOCAL B, PB,, Av. Principal de Los Ruices, Caracas, Distrito Metropolitano de Caracas, Venezuela

Timings: Opens at 8:30 AM 

Phone: +58 212-2382146

 

Banco de Venezuela

  • The Banco de Venezuela established in 1883.
  • It is under the name Banco Comercial, an international universal bank.
  • In 1990, it took its current name.
  • It operated ten branches already in 1920 in Venezuela.
  • The central bank of the country was still not there.
  • Thus, the Bank of Venezuela was one of the banks which had the right to issue banknotes.

Some Branches With Location 

Torre Banco de Venezuela

Location: Caracas, Capital District, Venezuela

Timing: Opens till 4 PM 

Phone: +58 212-5013333

Bank of Venezuela

Location: Caracas, Miranda, Venezuela

Timing: Opens at 8:30 AM

Phone: +58 212-2614978

Banco de Venezuela

Location: Caracas, Miranda, Venezuela

Timing: Opens at 8:30 AM  

Phone: +58 212-5013333

Banco de Venezuela

Location: Guayana City, Bolívar, Venezuela

Timing ⋅ Opens at 8:30 AM 

Banfoandes

  • In 1951, Banfoandes or Los Andes Regional Development Bank founded.
  • Founded by the Corporation for Venezuelan Development (CVF).
  • It also managed 170 departments until 2009.
  • Then it merged by the state.
  • With other low-stratum financial bodies because of bankruptcy.

Bancaribe

Bancaribe

Based in Caracas, Bancaribe operates through 113 branches in the country, offering universal banking products and services to over 800,000 customers. Founded in 1954, the private bank is part of the medium stratum of the Bank Ranking of SUDEBAN. Its headquarters is in Caracas.

 

Banco Nacional de Crédito

Venezuelan commercial bank Banco Nacional de Crédito (BVC: BNC) or BNC was established in 1977 as Banco Tequendama branch of the Banco Tequendama Colombia. In 2003, it changed its name to Banco Nacional de Crédito. In 2009, it acquired Stanford Bank Venezuela, which was controlled by Stanford Financial Group.

 

Banco Venezolano de Crédito

Founded in 1925, general bank Venezolano de Crédito (BVC: BVE) is one of the largest banks in Venezuela. Headquartered in Caracas, the bank offers a range of banking products and services including deposits, checking and savings accounts, foreign currency transactions, custody of securities, and commercial and personal loans. In the 20th century, Venezolano de Crédito provided funding and developed key sectors of the economy.

 

BBVA Provincial

Formerly known as BBVA Banco Provincial, financial institution BBVA Provincial (BVC: BPV) was established in 1953 in Caracas. It was considered the first of universal banks in Venezuela to provide specialized banking solutions. The majority of BBVA Provincial was acquired by Banco Bilbao Vizcaya, currently known as Banco Bilbao Vizcaya Argentaria, as part of its expansion into Latin America.

Bancaribe

Location: Caracas, Miranda, Venezuela

Timings: Opens at 8:30AM 

Phone: +58 212-2618557

Bancaribe Universal Bank

Location: Barinas, Venezuela

Timings: Opens at 8:30 AM

Phone: +58 424-5174262

Bancaribe

Location: Merida, Mérida, Venezuela

Timings: Opens at 8:30AM 

Phone: +58 274-2635811

Bancaribe

Location: Valencia, Carabobo, Venezuela · In C.C La Grieta

Timinga: Opens at 8AM Mon

Phone: +58 424-4936796

Bancaribe

Location: Caracas Metropolitan District, Capital District, Venezuela

Timings: Opens at 8:30AM 

BanCaribe

Location: San Fernando de Apure, Apure, Venezuela

Timings: Opens at 7:30AM

Phone: +58 414-5868729

Centro Bancaribe

Location: Caracas, Miranda, Venezuela

Timings: Opens at 8AM 

Source: https://corporatefinanceinstitute.com/resources/careers/companies/banks-in-venezuela/

 http://countrystudies.us/venezuela/34.htm

33 Views