Banco Occidental de Descuento
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| 220 | |
| Industry | Finance and Insurance |
| Founded | 1957[1] |
| Headquarters | Maracaibo, Venezuela |
Key people | Victor Vargas (Chairman) Jose Manuel Egui Medina (CEO) |
| Products | Financial Services |
| Revenue |
 US$ 1.55 Billion May (2014) |
|
US$ 282.8 Million May (2014) | |
| Total assets |
US$ 17.48 Billion May (2014) |
Number of employees | 6,993 |
| Website |
www |
Banco Occidental de Descuento (Western Discount Bank, BOD) is a Venezuelan bank. With around 6.6% of the Venezuelan market, it was Venezuela's fifth-largest bank in 2009.[2] Based in Maracaibo, Zulia, BOD "has a privileged market position in Venezuela's leading oil-producing region, Zulia."[2]
BOD is controlled by Cartera de Inversiones de Venezuela (CIV), which, in turn, is controlled by the bank's president, Víctor José Vargas Irausquín.[2]
History
Western Discount Bank (BOD), as it is known today, came into being in 1957, in Maracaibo, Venezuela. The company has five core business areas: Private Banking, Corporate, Commercial, Oil & Gas, and Agricultural. Its Products include current and savings accounts, time deposits, checks, trusts, and commercial, agricultural, financing, auto financing, mortgage and industrial loans.
References
- ↑ (Spanish) Banco Occidental de Descuento, El Banco: Nuestra Historia
- ↑ 2.0 2.1 2.2 BusinessWire, 11 February 2010, Fitch Affirms Banco Occidental de Descuento at 'B-'; Removes Rating Watch Negative
- ↑ http://www.forbes.com/companies/banco-occidental/