universal banking
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.El Rosal sector of
Caracas
Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the ...
.
According to the ranking of SUDEBAN, it falls within the Medium Stratum in terms of bank size. Its founding president is Jorge Nogueroles, who long before had served as vice president of the Provincial Bank. His catchphrase is ''Where you hit right at the bank''.
History
It opens its doors in
San Antonio del Táchira
San Antonio del Táchira is a city in the Venezuelan Andean state of Táchira. The busy highway across the Simón Bolívar International Bridge linking the cities of Cúcuta, Colombia, and San Cristóbal, Venezuela, passes through San Antonio d ...
Colombia
Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...
.
In 2002, talks began for the purchase of the bank by a group of Venezuelan investors, completing the acquisition of the bank in February 2003 and changing the name in April of the same year to Banco Nacional. of Credit.
By 2003 it had 13 agencies. By mid-
2007
File:2007 Events Collage.png, From top left, clockwise: Steve Jobs unveils Apple's first iPhone; TAM Airlines Flight 3054 overruns a runway and crashes into a gas station, killing almost 200 people; Former Pakistani Prime Minister of Pakistan, Pr ...
the number increased significantly to reach 79 agencies nationwide. Five years later it would reach 156 agencies and approximately 687,372 clients. It currently has 171 agencies nationwide, 460 ATMs and approximately 1,417,932 customers.
On May 8, 2009, the BNC acquired all the shares of Stanford Bank for $111 million dollars, after this was intervened by the Venezuelan State, after the crisis of its parent company, and it took place on February 18. At the time of the purchase Stanford Bank owned 15 branches in Venezuela.
On August 31, 2021, Citibank Venezuela would complete the transfer of its assets and liabilities to the BNC, in accordance with a Rights and Obligations Transfer Agreement dated April 20, 2021, after the approval of the Superintendency of Institutions of the Banking Sector (SUDEBAN) between both institutions. Citigroup's withdrawal occurred due to the minimization of its activities due to the economic recession caused by the hyperinflation in the nation.
On March 10, 2022, the Caracas Stock Exchange (BVC) released a press release informing about the expansion process of the BNC in the acquisition of some assets and assumption of liabilities of the
Banco Occidental de Descuento
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: ...
. The On June 17, SUDEBAN would inform in a statement the authorization for the transfer of assets and liabilities from the BOD to the BNC as of June 27, 2022.