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Banesco
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela (Venezuela's Banking Association). Banesco has 340 branches all over Venezuela, more than 115.000 POS and 1.377 ATMs. With more than six million clients, Banesco currently is the largest private banking business in Venezuela and the second among all, with a market quota of ull 21.32%on total assets and ull 18.3%on credit portfolio. The primary competitors are the Banco Mercantil, Banco Occidental de Descuento, Banco de Venezuela and the BBVA Banco Provincial; all these banks including Banesco form the upper stratum of the Bank Ranking of Superintendent of the Institutions of the Banking Sector of Venezuela (SUDEBAN). The financial group also includes an insurance, and consumer banking division. The bank is a member of the Banking Association of Venezuela and their mascot is Baneskín "El Pana de Ahorro" (T ...
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Banesco Panamá
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela (Venezuela's Banking Association). Banesco has 340 branches all over Venezuela, more than 115.000 POS and 1.377 ATMs. With more than six million clients, Banesco currently is the largest private banking business in Venezuela and the second among all, with a market quota of ull 21.32%on total assets and ull 18.3%on credit portfolio. The primary competitors are the Banco Mercantil, Banco Occidental de Descuento, Banco de Venezuela and the BBVA Banco Provincial; all these banks including Banesco form the upper stratum of the Bank Ranking of Superintendent of the Institutions of the Banking Sector of Venezuela (SUDEBAN). The financial group also includes an insurance, and consumer banking division. The bank is a member of the Banking Association of Venezuela and their mascot is Baneskín "El Pana de Ahorro" (The ...
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Banesco República Dominicana
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela (Venezuela's Banking Association). Banesco has 340 branches all over Venezuela, more than 115.000 POS and 1.377 ATMs. With more than six million clients, Banesco currently is the largest private banking business in Venezuela and the second among all, with a market quota of ull 21.32%on total assets and ull 18.3%on credit portfolio. The primary competitors are the Banco Mercantil, Banco Occidental de Descuento, Banco de Venezuela and the BBVA Banco Provincial; all these banks including Banesco form the upper stratum of the Bank Ranking of Superintendent of the Institutions of the Banking Sector of Venezuela (SUDEBAN). The financial group also includes an insurance, and consumer banking division. The bank is a member of the Banking Association of Venezuela and their mascot is Baneskín "El Pana de Ahorro" (The ...
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Banesco USA
Banesco Banco Universal C.A. is a Venezuelan financial institution whose principal branch is located in Caracas. The bank is part of the Asociación Bancaria de Venezuela (Venezuela's Banking Association). Banesco has 340 branches all over Venezuela, more than 115.000 POS and 1.377 ATMs. With more than six million clients, Banesco currently is the largest private banking business in Venezuela and the second among all, with a market quota of ull 21.32%on total assets and ull 18.3%on credit portfolio. The primary competitors are the Banco Mercantil, Banco Occidental de Descuento, Banco de Venezuela and the BBVA Banco Provincial; all these banks including Banesco form the upper stratum of the Bank Ranking of Superintendent of the Institutions of the Banking Sector of Venezuela (SUDEBAN). The financial group also includes an insurance, and consumer banking division. The bank is a member of the Banking Association of Venezuela and their mascot is Baneskín "El Pana de Ahorro" (The ...
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Banco Etcheverría
Banco Etcheverría was a Spanish bank. The family-owned bank was the oldest in the Spain, Spanish financial system, and the 11th oldest surviving bank in the world, older by over half a century than the Bank of Spain itself. It was founded in Betanzos, A Coruña (Spain) in 1717 by Juan Etcheverry (née Jean d’Etcheverry), a France, French businessman and tannery owner who had settled in Galicia (Spain), Galicia. His family inherited and continued the bank business through generations; the primitive Etcheverry transformed the surname to Etcheverría to adapt to Spanish spelling (although the standard Spanish spelling is now Echeverría). The name comes from the Basque language, Basque surname Etxeberria, meaning "new house". In 1964 it became a S.A. (corporation), ''sociedad anónima''. Its current stockholders (Francisco Javier, Asunción, María Cruz and Magdalena Etcheverría de la Muela) are all from the Etcheverría family, except the Caixa Galicia savings bank, which bough ...
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Juan Carlos Escotet
Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco, the largest private financial institution in Venezuela. As of March 2022, his reported net worth is estimated at US$3.5 billion. Early life Juan Carlos Escotet was born in Madrid in 1959 as one of eight immigrant children in Spain. He began his work life performing errands for Banco Union in Venezuela in 1976 during which he also attended night school. He later earned a master's degree in professional management science from the University of Miami School of Business at the University of Miami in Coral Gables, Florida. Career After earning his MBA, Escotet worked as an executive for Sociedad Financiera Latinoamericana and then creating his own financial group. In the 1990s, Escotet bought out Venezuelan financial institutions that were then going through a financial and banking crisis. He also set up his own establishment in Panama. Escotet founded Banesco, which ...
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Abanca
ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of León, in other parts of Spain and in Portugal, as well as offices in the UK, France, Switzerland, Brazil, Venezuela, Panama, Mexico and the USA. History ABANCA Formerly NCG Banco, S.A., which traded as Novagalicia Banco, was created in September 2011 following the bankisation process of Novacaixagalicia. As Novagalicia Banco's predecessor, the savings bank Novacaixagalicia, was subsequently bailed out by the Government of Spain the majority of the shares in the company were held by the bailout program Fund for Orderly Bank Restructuring (90.57%). The Novacaixagalicia Foundation holds 6.84% with the remaining 2.59% being held by private investors. Evo Banco On 12 March 2012 NCG Banco, S.A. began operating its assets outside of Galicia unde ...
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Novagalicia Banco
ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of León, in other parts of Spain and in Portugal, as well as offices in the UK, France, Switzerland, Brazil, Venezuela, Panama, Mexico and the USA. History ABANCA Formerly NCG Banco, S.A., which traded as Novagalicia Banco, was created in September 2011 following the bankisation process of Novacaixagalicia. As Novagalicia Banco's predecessor, the savings bank Novacaixagalicia, was subsequently bailed out by the Government of Spain the majority of the shares in the company were held by the bailout program Fund for Orderly Bank Restructuring (90.57%). The Novacaixagalicia Foundation holds 6.84% with the remaining 2.59% being held by private investors. Evo Banco On 12 March 2012 NCG Banco, S.A. began operating its assets outside of Galicia unde ...
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Banco De Venezuela
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. As of June 2008, it had 285 branches in Venezuela. History The bank was founded in 1883 as ''Banco Comercial'', which on 2 September 1890 changed its name to Banco de Venezuela. It was initially a loan and taxation financial institution for the Venezuelan government. In 1920, it had already established 10 branches in the country, and due to the lack of a central bank, the Banco de Venezuela became one of the six financial institutions with the right to issue banknotes, until the creation of the Banco Central de Venezuela in 1940. In 1976, BDV inaugurated its hundredth branch nationwide. In 1978 the bank introduced 24-hour customer service, credit cards and new point of sales terminals. The b ...
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Banco Mercantil
Mercantil Banco is a financial institution with more than 90 years of banking activity in Venezuela and is a subsidiary of Mercantil Servicios Financieros. History On 23 March 1925 a group of 98 Venezuelan businessmen founded the bank with the name of "Banco Neerlando Venezolano" in an economy determined by the agricultural activity being the major component of national income (coffee, cacao and cotton). The Bank began its operations on 3 April 1925. In 1968, it became the official representative of Diners Club in Venezuela. Since the 1970s the bank achieved the opening of subsidiaries in Brazil, Canada, Colombia, Curaçao, Germany, Mexico, Panama, Peru, Switzerland, United Kingdom and United States. In 1982, the '' Mercantil Tower'' skyscraper was built as the new bank headquarter's. In 1994, it was not really affected by the economic crisis in Venezuela. In 2000, Mercantil bought a lot of financial and insurance institutions as ''Interbank'', ''Venezolana Entidad de Aho ...
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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 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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Sears
Sears, Roebuck and Co. ( ), commonly known as Sears, is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest. After several years of declining sales, Sears's parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until 1995, and is currently headquartered in Hof ...
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