BBVA Provincial
Template:Short description Script error: No such module "Unsubst". Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". BBVA Provincial (BVC: BPV) (formerly BBVA Banco Provincial) is a financial institution in Venezuela.
History
Founded on October 15, 1953, in Caracas, Venezuela, as Banco Provincial with a capital of Bs. 15,000,000. 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 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 crisis.[2]
References
External links
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- Pages with script errors
- Pages using infobox company with a duplicate image
- Companies in the Índice Bursátil de Capitalización
- Banks of Venezuela
- Banco Bilbao Vizcaya Argentaria
- Banks established in 1953
- Companies listed on the Caracas Stock Exchange
- Venezuelan companies established in 1953
- Venezuelan brands
- Companies based in Caracas
- Venezuelan subsidiaries of foreign companies