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Banco Occidental de Descuento (BOD) (English: ''Western Discount Bank'') (WDB) was a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009. The owner of BOD is the Grupo Financiero BOD (English: BOD Financial Group), which is owned by Venezuelan businessman Victor Vargas. History The Banco Occidental de Descuento, S.A.C.A. (Sociedad Anónima de Capital Autorizado) (English: Authorized Capital Stock Company) was born in October 1956 with a view to supporting the activity of the commercial, oil industry and agricultural sector in the center-west of the country. The signing of the constitutive act was carried out on January 8, 1957, to begin its commercial operations on July 26, 1957 with an office located on Calle Comercio in the center of Maracaibo, and a capital of 20 million bolívares distributed in 40 thousand registered shares.10 Its first board of directors was then formed by Francisco Morillo Romero, as president; and Josà ...
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Maracaibo
) , motto = "''Muy noble y leal''"(English: "Very noble and loyal") , anthem = , image_map = , mapsize = , map_alt = , map_caption = , image_map1 = , mapsize1 = , map_alt1 = , map_caption1 = , image_dot_map = , dot_mapsize = , dot_map_base_alt = , dot_map_alt = , dot_map_caption = , dot_x = , dot_y = , pushpin_map = Venezuela , pushpin_label_position = , pushpin_label = , pushpin_map_alt = , pushpin_mapsize = , pushpin_map_caption = , pushpin_map1 = , pushpin_label_p ...
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Allbank Panama
Banco Occidental de Descuento (BOD) (English: ''Western Discount Bank'') (WDB) was a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009. The owner of BOD is the Grupo Financiero BOD (English: BOD Financial Group), which is owned by Venezuelan businessman Victor Vargas. History The Banco Occidental de Descuento, S.A.C.A. (Sociedad Anónima de Capital Autorizado) (English: Authorized Capital Stock Company) was born in October 1956 with a view to supporting the activity of the commercial, oil industry and agricultural sector in the center-west of the country. The signing of the constitutive act was carried out on January 8, 1957, to begin its commercial operations on July 26, 1957 with an office located on Calle Comercio in the center of Maracaibo, and a capital of 20 million bolívares distributed in 40 thousand registered shares.10 Its first board of directors was then formed by Francisco Morillo Romero, as president; and Josà ...
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Venezuelan Companies Established In 1957
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the nort ...
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Companies Listed On The Caracas Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Banks Established In 1957
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Of Venezuela
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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