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Sofitasa
Banco Sofitasa (SOciedad FInanciera del TÁchira SA) is a Venezuelan universal bank based in San Cristóbal, Táchira, San Cristóbal. Its primary market is in Barinas (state), Barinas and the Andean Region, Venezuela, Andean Region and is the only bank in Venezuela with its main headquarters in the Andean region following the closure of Banco Bicentenario, Banfoandes. Banco Sofitasa can be found in 18 of Venezuela's States of Venezuela, 23 states. History Banco Sofitasa was originally founded as a small financial institution in the 1980s by Juan Antonio Galeazzi Contreras. It was replaced in January 1990 by a regional commercial bank. In 2001, it became a universal bank, the first regional commercial bank to be approved as a universal bank in western Venezuela. Its status as a universal bank then allowed it to offer a variety of services, including leasing and real estate, investment banking, and lending. Sofitasa is a member of the Banking Association of Venezuela. Following th ...
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San Cristóbal, Táchira
San Cristóbal () is the capital city of the Venezuelan state of Táchira. It is located in a mountainous region of Western Venezuela. The city is situated above sea level in the northern Andes overlooking the Torbes River, from the Colombian border. San Cristóbal was founded on March 31, 1561, by Juan de Maldonado. From its inception, the city evolved rapidly as one of the most progressive and important centers of commerce in the country, due primarily to its rich soil and its proximity to the border with Colombia. The city was severely damaged by the Earthquake of Cúcuta (also known as Earthquake of the Andes) in 1875. The city is located on the Pan-American Highway. Education San Cristobal has a large student population. There are many post-secondary schools, both public and private, in San Cristobal. The main higher education facilities are: * Universidad Nacional Experimental del Táchira (UNET) * Universidad de los Andes (ULA) * Universidad Católica del Táchira ...
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Venezuela
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 n ...
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Venezuelan Bolívar
The bolívar is the official currency of Venezuela. Named after the hero of Latin American independence Simón Bolívar, it was introduced following the monetary reform in 1879, before which the venezolano was circulating. Due to its decade-long reliance on silver and gold standards, and then on a peg to the United States dollar, it was considered among the most stable currencies and was internationally accepted until 1983, when the government decided to adopt a floating exchange rate instead. Since 1983, the currency has experienced a prolonged period of high inflation, losing value almost 500-fold against the US dollar in the process. The depreciation became manageable in mid-2000s, but it still stayed in double digits. It was then, on 1 January 2008, that the hard bolívar (''bolívar fuerte'' in Spanish, sign: Bs.F, code: VEF) replaced the original bolívar ( sign: Bs; code: VEB) at a rate of Bs.F 1 to Bs. 1,000 (the abbreviation Bs. is due to the first and ...
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Universal Bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance."Investment Banking—Is There a Future?"
September 18, 2008, '''' These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the and the ...
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Barinas (state)
) , anthem = '' Himno del Estado Barinas'' , image_map = Barinas in Venezuela.svg , map_alt = , map_caption = Location within Venezuela , pushpin_map = , pushpin_map_alt = , pushpin_mapsize = , pushpin_map_caption = , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = Venezuela , subdivision_type1 = , subdivision_name1 = , subdivision_type2 = , subdivision_name2 = , established_title = Created , established_date = 1937 , founder = , named_for = , seat_type = Capital , seat = Barinas , government_footnotes = , government_type = , leader_party = , governing_body = Legislative Council , leader_title = Governor , leader_name = Sergio Garrido (2022–present ...
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Andean Region, Venezuela
The Andean Region is one of the 10 administrative regions in which Venezuela was divided for its development plans in 1969. Description The region is composed by the states of Mérida, Táchira, Trujillo and Barinas and is located straddling the Andes The Andes, Andes Mountains or Andean Mountains (; ) are the longest continental mountain range in the world, forming a continuous highland along the western edge of South America. The range is long, wide (widest between 18°S – 20°S ... Mountain Range. Except for the people of the Llanos in Eastern Barinas, natives from this region are usually referred to as "gochos". It has a total population of 3,607,720 and a density of 39,84 people per square kilometer. The Andean region makes up a mountain-like system with moors, lagoons, valleys, towns and many churches, and within these places it is possible to experience a wide variety of weather, like: mild, gelid, dry, humid and warm weather. In its total area of 90.5 ...
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Banco Bicentenario
Banco Bicentenario is a bank based in Caracas. It was created in late 2009 through the merger with the existing state-owned bank Banfoandes, the banks Bolívar, Central and Confederado and after BaNorte Bank, nationalised as a result of the 2009 banking crisis. The new bank holds around 20% of Venezuelan bank deposits.''Venezuelanalysis.com'', 22 December 2009Venezuela Merges Nationalised Banks to Form New Bicentenary Bank/ref> See also * Venezuelan banking crisis of 1994 The 1994 banking crisis occurred in Venezuela when a number of the banks of Venezuela were taken over by the government. The first to fail, in January 1994, was Banco Latino, the country's second-largest bank. Later, two banks accounting for 18% of ... * http://www.bicentenariobu.com.ve/ References 2Banco Bicentenariohas funded 220,000 rewarding projects in three decades. Bicentenario Government-owned companies of Venezuela Banks established in 2009 Venezuelan companies established in 2009 {{ ...
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States Of Venezuela
The Bolivarian Republic of Venezuela is a federation made up of twenty-three states ('' es, estados''), a Capital District ('' es, Distrito Capital'') and the Federal Dependencies ('' es, Dependencias Federales''), which consist of many islands and islets in the Caribbean Sea. Venezuela also claims the Guayana Esequiba territory which comprises six districts in the independent nation of Guyana. The states and territories of Venezuela are usually organized into regions ( es, regiones), although these regions are mostly geographical entities rather than administrative entities. Historical states Prior to the Federal War (1859–1863), the country was divided into provinces rather than states (see Provinces of Venezuela). The victorious forces were supposed to grant more autonomy to the individual states, but this was not implemented. From 1863 to the early 1900s there were numerous territorial changes, including the merger and splitting of states, but from then until the 1 ...
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Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services ( fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ...
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Hugo Chávez
Hugo Rafael Chávez Frías (; 28 July 1954 – 5 March 2013) was a Venezuelan politician who was president of Venezuela from 1999 until his death in 2013, except for a brief period in 2002. Chávez was also leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when it merged with several other parties to form the United Socialist Party of Venezuela (PSUV), which he led until 2012. Born into a middle-class family in Sabaneta, Barinas, Chávez became a career military officer and, after becoming dissatisfied with the Venezuelan political system based on the Puntofijo Pact, he founded the clandestine Revolutionary Bolivarian Movement-200 (MBR-200) in the early 1980s. Chávez led the MBR-200 in its unsuccessful coup d'état against the Democratic Action government of President Carlos Andrés Pérez in 1992, for which he was imprisoned. Pardoned from prison two years later, he founded the Fifth Republic Movement political party, an ...
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Deportivo Táchira F
''Deportivo'' (Spanish, 'sporting') may refer to: * Deportivo de La Coruña, commonly known as simply Deportivo, a Spanish football club * Déportivo, a French rock band * Deportivo (Mexicable), an aerial lift station in Ecatepec, Mexico * Deportivo station Deportivo is a rapid transit station in San Juan agglomeration, Puerto Rico. It is located between Bayamón and Jardines on the sole line of the Tren Urbano system, in Bayamón, just outside of its downtown ( Bayamón Pueblo). The trial servi ..., in San Juan agglomeration, Puerto Rico See also

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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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